More Indians buying gold as investment than jewellery

In India, gold has traditionally been used for making jewellery. But this now seems to be changing. This is becausefor the first time, Indians have converted proportionately more gold into investment than into jewellery.The World Gold Council figures suggest that in the case of net retail investment, there was a 19% rise for the first quarter of 2010. This is more than the 18% figure for jewellery. 

One can obviously conclude that the part of the reason for the same is the impact of the global slowdown. This has resulted in a flight to gold as a safe investment haven. How long will this trend continue will depend on how long the world economy remains in trouble!