Thursday, November 08, 2012
MCX Gold Trend
Experts believes that India's Gold buying is expected to decline in current year and expected to continue in 2013. MCX GOLD TREND. Word Gold Council expects that India gold imports may drop near 800 tons as compared to last year's around 900 tons. India on an average see's demand of around 700 ton a year as seen in last three years. The change in mindset of investors is also seen in the current year. The trend between jewellery and investment gold is also changing. Traders are more interested towards investment gold in India now. MCX GOLD TIPS. Experts believes that Indian Gold markets are going to take pace in the festival and wedding seasons after average performance in first half of the year.
In October tariff value of gold and silver imports is also increased by India. Gold imports tariff was raised to $574.20/10 grams and silver to $1097.30. Experts from Bombay Bullion Association believes that India's Gold imports is likely to drop to 550 tons next year. The demand for next year is expected to be about 550 tonnes may drop further if there is further increase in customs duty.