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It would seem as each day passes that gold is exerting itself as the new reserve currency. India has agreed to pay Iran in gold to get access to its oil. China has indicated it is considering the same. As noted by RT.com, this will increase the demand for gold and hence increase the price. [...]

Even with the volatility in gold prices demand for physical is increasing. As quoted in the below article from Goldcore, there is more interesting in Gold’s value as a safe haven than it’s price. Vietnam has imported $1.5 billion in gold, not terribly impressive except that $600 million was in September alone. It would seem [...]

The one interesting fact in the below article is that India and .china represented 57% of consumer global gold demand in Q1 this year. One has to wonder what it will be like when we get to a panic state. See full article here.

India’s state owned Minerals and Metals Trading Corporation (MMTC) is planning on importing 350 tons of gold and 1200 tons of silver in fiscal 2011-12. They note that for the quarter ending June 2011 they have imported 45 tons or almost double the same quarter last year. So if we do a bit of math [...]

Some interesting gold and silver import numbers coming out of India that between Apr and May 2011 there were $8.9 billion in gold and silver imports or a 500% increase month over month. I’d be very interested I the split of gold vs silver but haven’t found anything that gives any insight to this. There [...]

Below are a few articles on gold and silver consumption in India, some interesting points are: Indians are leaning towards silver jewellery due to golds high value and risk of it being stolen Gold import to India in 2010 where 750-800 tonnes, the largest in at least a decade Gold bullion for investment purchases increased [...]