'Strong demand' for gold jewellery in India

Women in India continue to be keen to acquire pieces of gold jewellery, one expert has stated.

Amit Kr Sen, director of leading Indian jewellery house BC Sen & Co, said: "The enthusiasm of Indian women to acquire gold jewellery is not dimmed."

He went on to add that the precious metal is also proving to be a popular option in the nation in terms of investment and industrial demand, the Business Standard reported.

Furthermore, Rhona O'Connell, managing director of GFMS Analytics, stated that even though the western world has officially come out of the recession, investment in gold is expected to become increasingly popular if currencies take a downturn.

"I would not be surprised if we have another wave of interest in gold as investors are bound to be concerned about currency volatility," she commented.

Rishi Nathany, writing for the Business Standard, recently suggested that investing in the precious metal is traditionally seen as a safe haven and a hedge against inflation.