The fight has come to an end after four decades. In the upcoming `bullion market' in India, gold will be traded by wholesalers and retailers to earn profits apart from adornment purposes.

Its time to cheer for the yellow metal investors. Like stocks, gold will also be traded on the commodity exchanges. Those who have kept faith in the yellow metal can expect decent returns in the near future. According to the past records, the gold price was more or less stable and is now moving northwards. Investors who are willing to wait for a year can expect hefty returns from gold in the declining interest rates scenario. India, known to be the golden bird, is the biggest importer of gold with little domestic production. The evidence supporting this fact is the wedding customs where gold jewelry is an important aspect. In terms of accounting, demand for gold in India is more than 23% of the world demand that comes to 13,000 tons and it sums to Rs.7,28,000 cr. On the other hand, demand for silver is only around 13% of global demand. The large consumption of gold in India will make the country a predominant player in global gold market.

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