India's Gujarat state almost doubles gold imports in Oct.

[pmbug]

The state of Gujarat that got its first gold temple in May this year, with gold-plated spires adorning the facade, is again leading the country in gold imports.

While figures from across India show a decline in gold imports, Gujarat has imported 23.7 tonnes of the precious metal in the month to October 25, as compared to 12.7 tonnes in September. The end of the month will have the state exceeding 30 tonnes, ahead of Diwali.
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http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=161038&sn=Detail

 

[swissaustrian]

wedding season?

 

[pmbug]

Yes, Diwali marks the beginning of the wedding season. Last year: http://www.pmbug.com/forum/f2/gold-price-hits-new-record-high-india-194/

 

[pmbug]

Price isn't deterring Indians from buying PMs:

The price of gold this Dhanteras has been the highest in five years. But this has done little to mar the spirit of buyers who are splurging on the yellow metal like never before. In fact, people were seen queuing up in jewellery shops across the city to buy gold, silver and other precious metals.
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More: http://timesofindia.indiatimes.com/...uyers-this-Dhanteras/articleshow/17185708.cms