How the India Wedding Season Affects Gold Prices

The desire for gold as jewelry affects demand. The gold market in India is closely watched since Indian brides love to wear a lot of gold jewelry when they walk down the aisle. If there is strong buying in India during the autumn “wedding season,” gold prices can increase.

India is the world’s biggest buyer of gold bullion, accounting for almost a fifth of gold sales worldwide.  Over the past decade, gold has risen by an average of 10.1 percent during the autumn wedding season which runs from late September through December.  In addition to weddings, Indian jewelers buy gold for the 5-day Hindu festival of Diwali (the “festival of lights”) which occurs between mid-October and mid-November.

There are spikes in gold demand both in January and September, the months when Indian manufacturers typically restock inventories to meet the demands of the two Indian wedding seasons.  In addition to the wedding season mentioned above, there is another one that starts in late March and runs until early May.

 Subscribe to our free RSS Feed!

Not sure what an RSS feed is? Read this article!


     

          FACEBOOK | TWITTER


       



• Recent Posts

  • The Story of the Taylor-Burton Diamond
  • The Spirit of de Grisogono is the Largest Black Diamond in the World
  • Surprising Facts about the Great Star of Africa Diamond
  • The Real Story about the Hope Diamond: A Brief History
  • What is Youngevity?
  • Dead Doctors Don’t Lie is a Book, Tape, and Radio Show
  • Which mineral can change hair from grey to its natural color?
  • What are colloidal minerals?
  • Rare Earth Minerals Can Keep You Healthy
  • What is Fiat Currency?
  • How Does Aqua Regia Refine Gold?
  • A Brief Overview of the Dodd-Frank Wall Street Reform and Consumer Protection Act
  • Does the Dodd-Frank Act Make OTC Gold and Silver Trading Illegal?
  • Ding Dong, the 2012 Gold Tax is Dead
  • Why Diamonds are Still a Good Investment in 2011
  • Why Silver is a Great Investment in 2011
  • China Prepares Gold-Based ETF to Compete with U.S.-Based GLD Fund
  • The Truth about Utah’s New Gold and Silver Currency Law
  • 100-Ounce Gold Nugget to be Auctioned March 2011
  • Which Countries Have the Most Gold?
  • Did You Know You Can Roll Your IRA into a Gold-Backed IRA?
  • How the India Wedding Season Affects Gold Prices
  • “Light” Performance of Diamonds
  • What Does the SHAPE of the Diamond Mean?
  • Clarity of a Diamond is Important

The charts below are updated frequently. Refresh your screen every 10-12 minutes to see the current gold and platinum prices.







• Contact Sam Today!

  Gemologist Sam makes house calls or you can meet with him at his office. Either way, it's by appointment only!
  
  Call Sam at 727-804-7463.
  
  E-mail him at Sam@GemologistSam.com.
  
  His office is located at: 5510 River Road, Suite #211; New Port Richey, FL 34652.
  
  
  

• Categories

  • Coins
  • Diamonds
  • Gemstones
  • Gold
  • minerals
  • Nutrition
  • Pearls
  • Silver
  • Technology
  • The Economy
  • Treasure Hunting

• Testimonials

  Read testimonials, ask questions, and rave about Gemologist Sam on his Feedback page!