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Tuesday, 4th November 2008 (2090 views)

Gold coins are becoming increasingly popular with Indian buyers, with many opting to invest in them rather than jewellery, it has been stated.

According to a report in the Indian Financial Express, gold coin sales rose during the festival season, which includes Dhanteras and Diwali.

Housewife Bhavika Patel explained: "I am buying gold coins so that I have a reasonable amount when my daughter is of marriageable age."

She noted that investing in gold coins means that she does not have to worry about many of the charges associated with the sale of jewellery.

India is the world's largest gold jewellery market and most households invest in gold and make religious offerings of gold coins and other items.

Jewellery sales remain strong, particularly as India enters the traditional wedding season when heavy 24-c jewellery is purchased.

Johannesburg-based AngloGold recently announced that it has witnessed a sharp increase in gold coin during the third quarter of 2008.

 

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