Investment demand likely to lift gold prices by 7-10% in Q3
(Bullion dealers and jewellers…)
Gold as an investment instrument is likely to see a 7%-10% growth in the October-December quarter largely driven by festival demand. Investment in gold exchange-traded funds (ETFs) is expected to increase a shade over 7% as compared to a 5% growth in the last quarter.
Bullion dealers and jewellers say demand for gold coins and bars is expected to grow by 10% in the third quarter of FY13 and investors who were shying away from the market due to a rally in gold prices have returned to the market in the last 4-5 days as prices have fallen to Rs 31,500 per 10 gm due to a stronger rupee.
Sumber : Google
Bullion dealers and jewellers say demand for gold coins and bars is expected to grow by 10% in the third quarter of FY13 and investors who were shying away from the market due to a rally in gold prices have returned to the market in the last 4-5 days as prices have fallen to Rs 31,500 per 10 gm due to a stronger rupee.
Sumber : Google
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