A senior official from Indian Gold traders’ Association informed that there has been an increase of gold sales by 20% on the occasion of Deepavali festival.
India is the largest buyer of gold among all countries.
There has been a good increase in sales of gold over the last 1 week. As compared to the previous year, this is up by 20%.
There has been a trend of falling prices for gold. This has been attributed as the main reason in the increased demand for gold.