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India again sees gold rush despite robust stock markets

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A customer looks in a mirror after wearing a gold earring inside a jewellery shop in Hyderabad September 8, 2009. REUTERS/Krishnendu Halder

Despite the sharp recovery of India's capital markets, appetite for gold in the world's largest consumer of the precious yellow metal remained robust in 2010, sending prices soaring to record highs at the retail level.

Prices had been on an upward climb throughout the year, particularly since May, when the economies of some European countries went into a tailspin and gold was seen as a safer bet for investors.

Text: IANS

Images: AP / AFP / Reuters

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India again sees gold rush despite robust stock markets