China's gold consumption is expected to grow faster after the recent de-regulation in the sector, while its clampdown on rampant property speculation could also prompt heavy investment in the metal.
"Times have changed, we used to get our gold rates on radio every evening and would fix our prices accordingly. Now, prices change every split second, there is more volatility and we have to compete with TV and car sellers for demand," said 60-year old jeweller Natvarlal Chokshi, proprietor of Chokshi Vachhraj Makanji and Co, based in the western Indian city of Rajkot.
"Sometimes I wonder if my grandson will still remain in the same business."Also see: Gold still a better option than silver | More Galleries