2012 Stock Predictions and Outlook
|Your one-stop shop for 2012 stock recommendations and market predictions. |
India consumed only 878 tons of gold in 2011, a 8.4% drop from 2010. The Bombay Bullion Association believes that in the first quarter, India could import half of what it did in 2011. Indian demand has been ravaged by high interest rates and a devalued rupee, making gold more expensive to buy. High and volatile gold prices might also make it hard for India to ramp up its gold purchases despite its own recent rate cuts.