DGL - Indian Gold Prices Rise As Analysts Expect A Demand Bump In 2019
By Sohrab Darabshaw
Gold is back in the news in India, the second-largest consumer market in the world.
Gold prices have been moving upward, buoyed by several conditions, since January.
On Feb. 6, for example, retail gold prices touched approximately U.S. $461 (Rs 33,000) per 10 grams in Mumbai and over U.S. $474 (Rs 34,000) in Ahmedabad, nearing new all-time record highs. This was in contrast to prices in London, which held flat in U.S. dollar terms.
Gold prices globally on the same day held firm after U.S. President Donald Trump's State of