https://www.reuters.com/article/us-...old-demand-through-december-wgc-idUSKBN1I407Y
***Indian gold demand may improve through to December as positive monsoon rains and government efforts to raise farmer incomes could boost rural purchases enough to offset higher prices because of the weak rupee, the World Gold Council (WGC) said. ***
if the World Gold Council says it, must be true
***Gold is an essential part of a bride’s dowry in India and also a popular gift from family and guests at weddings.
India’s gold consumption in 2018 is likely be between 700 and 800 tonnes versus 737.5 tonnes last year, Somasundaram said. Indian demand has averaged 840 tonnes over the last 10 years. ***
not sure if this means anything. India is traditionally a poor country. I've heard for years that gold is hugely desired there.
wonder if Chinese are buying gold
***Indian gold demand may improve through to December as positive monsoon rains and government efforts to raise farmer incomes could boost rural purchases enough to offset higher prices because of the weak rupee, the World Gold Council (WGC) said. ***
if the World Gold Council says it, must be true
***Gold is an essential part of a bride’s dowry in India and also a popular gift from family and guests at weddings.
India’s gold consumption in 2018 is likely be between 700 and 800 tonnes versus 737.5 tonnes last year, Somasundaram said. Indian demand has averaged 840 tonnes over the last 10 years. ***
not sure if this means anything. India is traditionally a poor country. I've heard for years that gold is hugely desired there.
wonder if Chinese are buying gold