Compared to other markets in the region, demand for jewellery in India was healthier, rising 12 percent year-on-year to 127.8 ton in third quarter of 2006, according to London-based World Gold Council report.
Lacklustre demand during first quarter gave way to increased interest in the yellow metal beginning in September and continuing in October through Diwali, with traders reporting increased sales of 25-40 percent year-on-year.
September also saw the All India Jewelry Shopping Festival which induced increased off take as confirmed by October import, rising to 145.6 ton, highest for the month which would prove to be a record for fourth-quarter of 2006, it said.
marketing@alchempro.com
