In the West, we think of the wedding season as spring and early summer; isn’t being a June bride considered lucky? In India though, the height of the wedding season is during Diwali (beginning on Oct 17, 2009), the Hindu festival of light. During this time, thousands and thousands of weddings are performed throughout the country and at each of these weddings, the bride is fairly dripping in gold jewelry. Her arms are covered in bangles, her fingers are sheathed with rings, and she wears elaborate gold earrings. India is the world largest consumer of gold and with the fluctuating prices, dealers are hoarding gold beginning now to help satisfy the upcoming demand. Experts do not know how, if at all, this will affect the price of gold around the world, but gold bugs and professionals alike will be keeping a close watch.

Tags: gold, Hindu, India, price of gold, wedding

This entry was posted on Thursday, August 6th, 2009 at 4:43 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.