The spot price of gold and the S&P 500 Gold Subindustry Index, which tracks mining shares, have both risen by about 50 per cent over the past decade. Gold has had a surprisingly strong run through much of the year, rallying further in October as the conflict between Israel and Hamas escalated, before the price of the precious metal pulled back more recently as investors await signals from the U.S. Federal Reserve Board on the direction of interest rates.
However, the decline may prove short-lived presenting a window of opportunity for investors that is perhaps already closing in light of events on the other side of Asia – the annual festival season in India. India is the world’s second-largest gold consumer
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