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Gold buyers ignore price tags

High prices failed to dent India’s love for gold, even as the metal’s price rose by Rs 100 on Monday.

business Updated: Oct 24, 2011 21:39 IST
HT Correspondent

High prices failed to dent India’s love for gold, even as the metal’s price rose by Rs 100 on Monday.


“There is no impact of high prices,” said Mehul Choksi, CMD, Gitanjali Group. “In the last four days, we did around 60% more business than last year in value terms.”

The Bombay Stock Exchange joined in the festive mood, and extended trading in Gold Exchange Traded Funds (ETFs) till 8 pm apart from waiving off transactions charges on trades in gold ETFs.