
india gold
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India regains position as world’s #1 gold consumer
- November 13, 2014
- Posted by: Orkan Ozkan
- Category: Gold, News
No CommentsIt is no secret that India loves gold. The consumer gold market makes up a large portion of the country’s economy, as gold adornments and gifts play a vital role in many Indian cultural events. The same is true for China, and in 2013 China surpassed India as the world’s top gold consumer. However, according to
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India’s festive love affair with gold shines as Diwali holiday begins
- October 21, 2014
- Posted by: Orkan Ozkan
- Category: Featured, Gold, News
The ancient Hindu festival of Diwali, also known as Deepavali or the “Festival of Lights”, began on Tuesday and has sparked a gold buying rebound in India. Dhanteras, the first day of the five-day festival, is a major shopping day for gold and silver items. In terms of consumer purchases, Diwali is considered the Indian equivalent
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This Week in Gold: Indian Demand, Gold Reserves, Rocky, Baby Boomers
- August 29, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News, Retirement, This Week in Gold
This week in gold, American Bullion covered these four stories: Despite Gold Lows, Indian Demand High Ahead of Religious Festival Central Banks Increasing Gold Holdings CNBC Article: Gold is “kind of like the Rocky Balboa right now” USA Today: Baby Boomer Retirees Face Big Money, Big Decisions The themes of this week’s stories were gold’s cultural importance, resilience
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Despite Gold Lows, Indian Demand High Ahead of Religious Festival
- August 25, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
Gold fell 0.30% to $1,277 by Monday morning, not far from its two-month low of $1,273.06 hit the previous week. News of a stronger U.S. dollar, a possible interest rate hike coming in early 2015, and the end of quantitative easing this October have lessened gold’s appeal as a safe-haven asset and hedge against inflation for
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Forbes: “India’s appetite for gold defies market conditions”
- August 5, 2014
- Posted by: Orkan Ozkan
- Category: Gold, News
India loves gold – especially if it’s Swiss gold. According to the Swiss government, Switzerland’s total value of exported gold and silver bullion in the month of June was 3.9 billion Swiss franc ($4.3 billion USD), of which India accounted for 1.63 billion francs ($1.8 billion USD, or 42%). In India gold is used primarily in
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