Demand for gold is mainly due to jewelry demand, investment demand and industrial demand. Of this , Jewelery accounts for around three-quarters of gold demand. A Passion for Gold provides motivation among different groups of women around the world to purchase gold jewelry.
The demand for jewelry is highest in India, Italy, Turkey, USA and China due to some socio- economic and cultural factors. These five countries account for 55% of the total global demand for jewelry. Rapid demographic and other socio-economic changes influence the demand significantly.
USA is the largest market for gold jewelery in terms of value, while India is the largest consumer in volume. Indian gold demand is supported by cultural and religious traditions which are not directly linked to global economic trends. The demand tops during December – June , which is marriage season in India.
Read More...