Gold demand in India, the world’s largest buyer, is heading for a quarterly record after prices slumped to a two-year low in April, the World Gold Council said.
India’s gold imports will be 300 to 400 tonne in the second quarter, almost half total shipments for all of last year.
The slump into a bear market last month boosted demand for jewelry from Asia and spurred greater coin purchases. Prices are 27% below the record $1,921.15 an ounce set in September 2011.
India’s gold imports will be 300 to 400 tonne in the second quarter, almost half total shipments for all of last year.
The slump into a bear market last month boosted demand for jewelry from Asia and spurred greater coin purchases. Prices are 27% below the record $1,921.15 an ounce set in September 2011.
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