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Sify Home >> Finance >> Gold >> Demand for gold may remain intact in 2010

Demand for gold may remain intact in 2010

A salesman displays gold jewellery at a jewellery showroom in Siliguri in this September 2008 file photo. REUTERS/Rupak De Chowdhuri


"Investment demand for gold could remain intact in 2010 as the global central bankers doubt the role of the dollar as a global reserve currency. Hence, central banks want to accumulate gold in their foreign-exchange reserves," Angel Commodities senior research analyst, Reena Walia Nair said.

On a year-to-date basis, gold prices have gained 23 per cent as the dollar weakened and as demand for the metal from central bankers rose.

Text: PTI

Images: Reuters

Also see: Gold and Silver rates

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