Pan American Metals of Miami says India Likely to Import Over 100
(1888PressRelease) Demand for gold from India likely to spike as wedding season begins.
MIAMI, FL – With the Indian wedding season just around the corner, demand for gold from Asia is likely to spike. In fact, imports of gold to India are expected to exceed 100 tonnes this year. In the second quarter, India’s investment demand for gold leapt a staggering 78% while jewelry demand rose by 17%. India and China together account for over 50% of the global gold bullion and gold jewelry demand. It appears that individual investors in India are seeing gold as the only asset that is actually appreciating and giving a solid return on investment; against a background of volatility in the stock market and high inflation, gold bullion offers reassurance to investors.
Worries about another recession, inflation, sovereign debt and falling currency values have sent demand for gold soaring globally. At the end of regular trading yesterday, August 18, gold settled at a record $1822 an ounce. With the exception of palladium, all precious metals were trading up today, August 19, with silver comfortably above $40 once more and gold and platinum both in the upper $1800s.
“With the Indian wedding season just beginning, demand for gold from Asia is only going to increase in the next few months,” says Bill Hionas, CEO of Pan American Metals of Miami. “Investment demand is also huge at the moment.”
Markets are generally driven, ultimately, by supply and demand. Demand for gold bullion is clearly rising and, barring the sudden discovery of a new source of gold ore, supplies are obviously limited. Investors should anticipate the breaking of a few more records in the coming weeks.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and brokers who combine many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/pan-american-metals-of-miami-says-india-likely-to-import-ove-pr-328557.html
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