Articles Tagged "gold buying"

Urban India hesitant to invest in gold: World Gold Council

The Economic Times of India reports with the global crisis in the financial markets, gold buying spirit has been pretty slow despite the festivities in the coming week. “In the current financial crisis in the global market, semi-urban and rural India are going ahead with gold buying, while in urban centres, they are adopting a [...]

Higher gold prices hit festive sales

The Economic Times of India reports higher gold prices have slowed a generally robust festival demand in Indian spot market. MUMBAI: While traditionally festival season starting from Daserra to Diwali have been perceived to be an auspicious time to buy gold, peculiarly higher prices have tamed the demand outlook this year. President, Bombay Bullion Association, Mr. [...]