
indian weddings
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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
No CommentsThe 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”
- 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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International Developments Contribute to Gold’s Rise This Week
- May 23, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
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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