NEW DELHI: Surging gold prices are not a matter to India, the largest gold consumer in the world, as around 74% of investors have shown willingness to buy the gold and allied products at prevailing higher prices, said a study. According to a market study done by brokerage firm India Infoline Ltd (IIFL), Indian investors interested in purchasing at the current relatively-higher gold prices and the outlook for gold price is generally positive. The survey also highlighted the price trend for next six months. It said that 44% of investors foresee gold prices in the next six months to be higher, whereas 24% of them said rates may come down. Start trading in commodities from as low as $50. Join now However in the last 12 months, 43% of the investors bought more gold. This signifies that although rising gold prices have deterred some buyers, it equally prompted others to add more gold to their personal wealth, IIFL said. The survey further said that 95% of the investors purchase gold from local and branded jewellers, who market investment-grade 22-24 carat gold.

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