As the year end festive season approaches, gold demand from China and India consumers pick up as expected. This is because the Chinese and Indian consumers are traditionally known to buying gold jewelleries and bullion during festive seasons. In the latest report from World Gold Council, the Indian demand was up by 15% to 211 tonnes, while China’s demand increased by 4% to 188 tonnes in Q3 2015. The bullish outlook for gold underlies the strength of the demand of gold bars and coins.
To be a successful wealth builder, one must always adopt a contrarian approach and buy on price dips. This is applicable regardless of any form of financial instruments. For gold and silver bullion, this is no different. In Q3 2015, the outflow of ETF led to a price dip for gold, thus resulting in increased consumer demand. This is because global investors saw the gap and ......