Gold Sales in India

AHMEDABAD: Gujarat's bullion market, which had lost its sheen due to poor offtake of gold, is regaining its glitter as demand for the yellow metal has doubled in the past four days with the gold price dipping over six per cent in the past week.

Fresh investment demand coupled with renewed buying interest among jewellers has brought gold back to the centrestage in the spot market.

Gold sales have increased from 250 kg a day to 500 kg a day in the Gujarat market following the crash in prices in the global markets.

"As the gold prices continue to dip, overall demand for the gold has increased by 100 per cent in the past few days. Our daily sales of gold have increased from 25 kg to 50 kg a day," said Monal Thakkar of Amraplai Industries, a leading bullion firm. [tags] spot gold price, spot gold, gold sales, gold market, gold price[/tags]   spot gold price