• India's Booming Economy Expected to Firm Up Gold Demand

    12 days ago - By ETF Daily News

    Starting today, the five-day festival known as Diwali-literally, “a row of lights”-will be observed by millions of Hindus, Sikhs and Jains worldwide. A celebration of good triumphing over evil, the festival typically coincides with the Hindu new year.
    Regular readers of Frank Talk should know that Diwali is also an auspicious time to buy gold coins and jewelry as gifts for loved ones, and in the past the increased demand has been enough to move gold prices to the upside.
    This year, however, demand for coins and jewelry was muted leading up to the fall festival on account of a weaker rupee...
    Read more ...