GOLDPRICE.IN

Tuesday, April 19, 2005

Gold Demand Increases

Gold dealers in India told Reuters that gold buying in India's financial capital of Bombay had surged. With gold demand running at 800 kilos (479 Million Rupee) a day from around 250 kilos (149.8 Million Rupee) in March.

In the western city of Ahmedabad, gold demand doubled to 1,500 kilos (898.8 Million Rupee) a day from 700 kilos (419.4 Million Rupee) a day in March.

Gold Price in Kilos

The marriage season has just began in India and lasts till the end of May. Parents give gold jewellery to their daughters in Hindu marriages in India.