NEW DELHI, April 14 (Reuters) - India's March gold imports jumped nearly six times from a year ago, a trade body head said, as pent-up demand and steady prices since January revived purchases by the world's largest consumer of the precious metal.
http://in.reuters.com/article/domesticNews/idINSGE63D08120100414
Looks like jewelry demand is up even at today's prices.
The Indians must not be prepared to wait for a retreat
in the price of gold.