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Sep
14

Physical gold demand on the rise

By

Demand for physical forms of gold is on the rise in spite of the current high prices associated with the precious metal.

This is according to Indian jewellers and dealers speaking to the Economic Times, who said they had noticed a spike in demand for gold coins and bars in recent times.

Jitendra Kantilal Jain of bullion merchant Jugraj Kantilal and Co said that his company had sold more than 20kg of gold coins in the space of two days.

Elsewhere, Prithiviraj Kothari of RiddhiSiddhi Bullion revealed that his firm is currently selling in the region of 7kg of gold coins a day.

Last week, Indian jewellers bought more gold than usual as they strove to replenish their stocks ahead of the Shradh period, which is traditionally seen by Hindus as an inauspicious time for investment.

Shradh is marked by Hindus to honour the memories of deceased family members and can involve a period of fasting.

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  1. Gold Beach looks for boost from gold coins
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