Gold : Indians shifting from jewellery to bars

Mr. Gnanasekar Thiagarajan

Demand for gold bars, coins and other pure investments in India, Asia's third largest economy, soared 83% in 2010 from the year earlier to 349 tonnes.

The amount of gold used in making jewellery in 2010 rose 36% to 685 tonnes hiking investment demand to 34% of total buying, up from 28% in 2009.   

Mr. Gnanasekar Thiagarajan, One of director with Commtrendz Research said,“Gold has come a long way from being a jewellery item to an alternative currency. Investment demand could surpass jewellery demand in the next 2 to 3 years.""

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