A commodities market analyst has suggested that Gold Bullion offers financiers the necessary investment qualities required in the current economic climate.
Daniel Wills, senior analyst at ETF Securities, believes that market uncertainties make gold the ideal investment in light of its safe-haven qualities.
He said: "Renewed concerns surrounding sovereign credit risk at the start of 2010 has helped underpin safe-haven demand for gold as a hedge against currency debasement and financial market dislocation."
Market conditions have seen investors in India increase purchasing demand, with prices possibly identified as being at bargain levels, or purchasers potentially buying into safe-haven theories such as those championed by experts including Mr Wills.
One Mumbai-based trader with a state-run bullion dealing bank in the city told Reuters that they had conducted "a few sizeable deals".
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