Gold News

As Indian wedding season is gaining pace demand for bullion picked up taking advantage of the relative strengthening of the Rupiah

Indian Weddings Issue Support for the Precious Metal

As Indian wedding season is gaining pace demand for bullion picked up taking advantage of the relative strengthening of the Rupiah

As Indian wedding season is gaining pace demand for bullion picked up taking advantage of the relative strengthening of the Rupiah. “As of now demand is good as the trade is buying. (Gold dealers) who had sold on Akshaya Tritiya are restocking and the prices are supportive too,” said Samir Shah, vice president for business development at Riddisiddhi Bullions Ltd in Mumbai. 

“The rupee against the dollar has also been in favor of the buyers,” said Shah.