Gold Prices could be set to increase, with an India-based economist suggest that investor demand will push prices up.
An economist with a large private bullion dealing bank said that demand for the yellow metal could be set to surge, according to the Economic Times.
Should this happen, Gold Prices could increase.
The economist told the news provider: "We maintain a bullish outlook on gold for 2010 ... We believe that the metal will continue to buoy on investor interest, which remains at an elevated level."
Meanwhile, the Press Trust of India said that fresh purchases of the precious metal in the country were pushing the commodity's price higher.
The news provider said: "Gold Prices recovered smartly at the bullion market here on emergence of fresh buying by stockists and speculators on higher cues in the European markets."
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