"There is less demand as prices are really volatile, some stagnation is coming," said a dealer with a state-run bullion importing bank in Mumbai.The situation was helped somewhat by a weakening rupee.
Tuesday, January 4, 2011
Indian Gold Jewelry Demand Still Weak
According to a report by the Economic Times, demand for jewelry gold in India is still weak now that the wedding season is over.
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Traditionally, jewelry has always been linked with wealth, power and status. Talking about the significance of jewelry in the life of women in India, they are gifted jewelry in different phases of life such as, at birth, at coming of age, in marriage, on becoming a mother, etc. Thanks.
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