The lure of the yellow metal continues to haunt Indians as the country emerged the largest contributor to the growth of jewellery demand in the third quarter of calender 2010 with a 36 per cent jump at 185.5 tonnes as against 135.2 tonnes during the corresponding period last year.
In rupee value terms, the demand reached Rs 338 billion, 67 per cent higher than the same period in 2009.
India's Q3 net retail investment was up to 45.1 tonnes, an increase of one per cent from Q3 2009. The demand reached Rs 80.23 billion, an increase of 30 per cent higher than the same period of 2009.
The increase had reflected the growing expectation amongst retail investors of still higher prices to come. Existing investors generally tended to hold on to their holdings in anticipation of greater long-term returns.
The total gold demand in Q3 2010 was 229.6 tonnes and Rs 418.23 billion.
Aluminium, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc - These are involved in our life to that extent, we can't even dream to live without them.
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