LONDON, 26 October 2016 – US financial news outlet CNBC today quotes comment and analysis from BullionVault in a report on how this week's Diwali festival is boosting Indian gold demand.
"Indian gold prices have tightened, rising back above global quotes for pretty much the first time this year," CNBC quotes Adrian Ash, head of research at BullionVault in London.
"But these higher Rupee prices are unlikely to impact spot prices for investors, traders or consumers outside India.
"India's demand tends to move inverse to price, rather than driving it higher or lower."
Read Adrian's full comments in CNBC's report here:
Bangle ore: Gold prices under pressure as India gears up for Diwali
Source:
CNBC
