Unlock the potential of bullion trading with our expert tips and analysis. From gold to silver, our research reports cover all aspects of the market to help you make informed decisions and maximize your profits.
The love for gold has been reignited in India, according to the World Gold Council (WGC) in its Gold Demand Trends for the third quarter of 2012. India regained its title as the strongest performing market, overtaking the greater China area, as the country experienced a bounce-back in demand due to improved sentiment during the festival season.
Compared to the third quarter of last year, Indian gold jewelry demand grew by 7 percent while gold bar and coin demand rose 12 percent. Total consumer demand was 223 tons, compared to 205 tons this time last year. The second largest market was Greater China, which consumed 185 tons in the third quarter of 2012. This was less than the 201 tons consumed in the third quarter of last year.
Together these markets in the east made up 55 percent of the world’s jewelry and investment demand, according to the WGC. Although India experienced a setback earlier this year when gold shops boycotted a proposed tax on the yellow metal, imports recovered by July “as inventory levels were bolstered (aided by a well-timed dip in the local price) and the market adjusted to the customs duty,” says the WGC.
The third quarter has historically been a strong seasonal time for the Love Trade to come alive in the east. Monsoon rains and the festival season in the fall are generally associated with the buying and giving of gold. Still, for the year, don’t expect the Love Trade in India to be as strong as it was in 2011, as gold demand remains subdued with the ongoing weakness of the rupee.
What I had written on 26 Oct 2012 about MCX Silver? Click here to read it I said, “Don’t stuck on silver Trap. In coming days silver will touch 58900-58610-58190“ Yesterday silver kissed my all targets… What else you need? To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Yesterday what I had written about Silver, Nickel & CPO?
Silver: It’ll die today and start to go bloodbath. It will touch 58900-58606-58152 levels. Nickel: Just close your eyes and sell it with S/L 868 + Targets: 859-856 CPO: Last one is MCX CPO and I said once open downside then sell it without worry!
My All Targets Yesterday Blast. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Unlock This Article
Only subscribers can read the full article. Please login to read the entire article.
Although India experienced a setback earlier this year when gold shops boycotted a proposed tax on the yellow metal, imports recovered by July “as inventory levels were bolstered (aided by a well-timed dip in the local price) and the market adjusted to the customs duty,” says the WGC.
The third quarter has historically been a strong seasonal time for the Love Trade to come alive in the east. Monsoon rains and the festival season in the fall are generally associated with the buying and giving of gold. Still, for the year, don’t expect the Love Trade in India to be as strong as it was in 2011, as gold demand remains subdued with the ongoing weakness of the rupee. Continue reading
Unlock This Article
