Gold demand in India could cause price hike
Demand for gold in India could cause the price of the yellow metal to rise even higher, according to a report from Sky news.
Although demand rises anyway at this time of year as a result of the approaching wedding and festival season, experts are saying that Indians are investing in the metal now before prices rise further.
Jewellers in the continent have reported that consumers are buying more bars and coins to cash on the yellow metal’s security.
Gold is currently trading at $1,849.51. The price has risen 25% this year as a result of trouble in the Eurozone and the US losing its AAA credit rating.
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