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Wedding bells set to ring in fresh gold demand in India

Gold is considered an essential part of weddings in India, second-biggest consumer of the metal in the world after China, and it is a popular gift on such occasions

Reuters  |  MUMBAI/BENGALURU 

Demand for physical gold was lacklustre in top consumers India and China this week, while the lure of the metal remained stable in Singapore, but India's peak wedding season is expected to usher in renewed interest for bullion in coming weeks. Gold is considered an essential part of weddings in India, second-biggest consumer of the metal in the world after China, and it is a popular gift on such occasions. "The wedding season has started. In the next few weeks, there are many wedding dates, which will boost demand," said Kumar Jain, a Mumbai-based ...

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First Published: Sun, November 05 2017. 00:46 IST
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