wedding festival

Physical gold demand in most Asian hubs was muted this week, weighed down by stronger prices, despite a slight pick-up in buying in India ahead of the wedding season and a key festival . . . .

Gold demand saw a revival in the financial year 2017-18, over the preceding fiscal, 2016-17, according to analysts. In fact, the import of the yellow metal stood at 74 metric tonnes (MT) in FY2017-18, increasing from 62 MT in FY2016-17, an increase of 19% year-on-year . . . .

Demand for physical gold was lacklustre in top consumers India and China this week, while the lure of the metal remained stable in Singapore, but India’s peak wedding season is expected to usher in renewed interest for bullion in coming weeks . . . .

Gold imports by India, the world’s biggest market after China, jumped to the highest level since 2014 . . . .

Gold consolidating getting ready for a move above $1,300 . . . .

India has had a long-standing love affair with gold. At Indian weddings, some of the brides get so much gold jewelry that it weighs them down. There are upwards of 15 million weddings every year in India...