16
May
Gold and silver snapped up by bullish Indians
16 May 2011 The Financial Times
The sharp drop in gold and silver prices has stimulated a surge in buying from India in a sign that consumers in the world’s largest gold-buying country retain faith in the decade-long bull story for precious metals.
Bankers have been surprised by the strength of Indian demand in the past week, when gold dropped below $1,500 a troy ounce and silver tumbled below $35 a troy ounce.
http://www.ft.com/cms/s/0/f234af36-7d84-11e0-b418-00144feabdc0.html
