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Wednesday, 17th August 2005 (4262 views)

With the religious festivals of Diwali and Eid al Fitr both approaching in November, Indians are already preparing to buy gold items.<br/><br/>A fundamental factor in Indian gold sales is the quality of the harvest, as the majority of Indians work in the agricultural sector.<br/><br/>It is hoped that the harvest will go well as the monsoon season, which caused severe flooding in Mumbai last month, is not as strong now and this should aid rice crops.<br/><br/>India is the largest consumer of gold and Indians display their passion for gold both at home and abroad.<br/><br/>For example, Indians make up the majority of consumers at Dubai airport each year when they take advantage of the duty-free gold.<br/><br/>The impending harvest that usually starts in September will be avidly watched by the gold industry as it has such a large impact on the gold market.<br/><br/><br/><img alt="track" src='http://feeds.directnews.org.uk/feedtrack/dn.gif?feedid=196&itemid=15025381'/>© Adfero Ltd

 

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