Gold has been widely used throughout the world as a vehicle for monetary exchange or in the form of investment to hedge against inflation or in the form of jewellery. All these factors are the reasons for hyping gold demand day by day. Seems like this non stop demanding nature of gold will lead it to its boom where it would be like a dream for a common man to purchase it.
As per World Gold Council (WGC), gold demand in India is about to rise 33% by 2020. The cumulative annual demand will be in excess of 1,200 tonnes by 2020, valued at about Rs 2,50,000 crore at current price levels.
According to a new research conducted by the World Gold Council (WGC), the demand for gold in India would be driven by rapid GDP growth, urbanization and rise in income and savings levels of the consumer. The gold purchasing would increase by almost three per cent per annum over the next decade.
This definitely would results its price to roar in the upcoming time. Currently the price of gold reaching an all-time high of $1246 per ounce!
As per World Gold Council (WGC), gold demand in India is about to rise 33% by 2020. The cumulative annual demand will be in excess of 1,200 tonnes by 2020, valued at about Rs 2,50,000 crore at current price levels.
According to a new research conducted by the World Gold Council (WGC), the demand for gold in India would be driven by rapid GDP growth, urbanization and rise in income and savings levels of the consumer. The gold purchasing would increase by almost three per cent per annum over the next decade.
This definitely would results its price to roar in the upcoming time. Currently the price of gold reaching an all-time high of $1246 per ounce!
