Short astrological season may hit wedding offtake
This has increased the number of women falling into gold’s core target group in India from 25 million in 2002 to 32 million in 2005 and contributing to the rise in gold purchases over the past few years.
The report also pointed out that the wedding seasons in India, which fall between October and January, and April and May, accounts for a significant portion of the demand for gold in the country.