Demand for imported gold jewellery increases!
Posted on: 02/Sep/2014 4:50:36 PM
Jewellers have started importing more gold with the onset of the festive season and the expected rise in demand for jewellery.
However, the investment for gold has reduced. At the same time, the interest in buying gold jewellery is till there irrespective of the price of gold. Considering gold as the noblest medal, the trend to buy gold jewellery doting festive seasons and marriage occasions continues.
Hence, the demand for gold from the public has continued to rise. With the marriage & festive seasons set to start, the jewellers expect increases sales. Hence, they have started importing gold.
About 214 tons of gold is estimated to have been imported over the last 3 months.
During August, 2012, it was 64 tons. Now, it is 70 tons.
Demand for the quarter ending June was 188 tons in 2013 as compared to 124.6 tons in 2012. Now, it is 134.5 tons for quarter ending June, 2014.
