Tuesday, July 13, 2010

Indian Retail Buyewrs Switching To Bullion

Traditionally, gold jewelry has been the holding of choice for Indian retail buyers. Because of price increases, though, more buyers are switching to more cost-effective bullion.
"Customer preferences are changing," notes Hareelalbhai Zaveri, a Mumbai-based bullion dealer. "Earlier, customers would buy gold jewellery since they were considered the best investment option. Nowadays, customers are keen to buy gold biscuits [Gold Bullion], since they are easy to hoard. The customer is also assured of best value for money. Gold jewellery is no longer an investment option."
That switch explains in part why gold imports have been rising overall with rising prices.

Of course, it can only be done once. Should the bulk of buying shift to bullion, then that option will be closed if gold prices rise even more. At that point, Indian buyers are going to be facing hard choices without any recourse except ponying up more and/or buying less.


  1. Bullion Exchanges is a well known Bullion Shop established in the heart of New York City's Diamond District.

    Bullion Exchanges have a massive selection of products like, precious metals that range from the gold & silver to platinum and palladium.

    Bullion Exchanges are offering a massive selection of products appealing to 1st time buyers and the established collectors.

  2. eToro is the ultimate forex broker for beginner and advanced traders.