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  • India’s festive love affair with gold shines as Diwali holiday begins

    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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  • Forbes: “India’s appetite for gold defies market conditions”

    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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  • International Developments Contribute to Gold’s Rise This Week

    Just as Wednesday’s article suggested, gold responded positively to the news that India elected a new government that may further ease restrictions on gold imports. Gold ready for June delivery was up by $10.50 (or 0.8%), making yesterday’s gold price $1,298.60 an ounce. Silver also rose by 1.2%. Naeem Aslam, chief market analyst at AvaTrade,

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