Demand for gold in India, the world's largest consumer, has increased lately following a steep fall in its price, which hit a two-year low globally in mid-April.

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Such a steep fall in the price of gold seems to break with what have been the standard range of arguments used to explain its skyrocketing rise.

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In its Q2 2012 earnings results, the company had projected lower production figures for this year, which led to a steep fall in its share price.

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And therein lies the opportunity, according to some pros, who look at the steep fall in its stock price as quite enticing for savvy and seasoned value investors, as well as for growth investors with established long-term objectives.

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The Nigerian diesel marketer was briefly a billionaire in 2009 but dropped off FORBES rankings following a steep fall in the share price of his petroleum marketing company, African Petroleum (now Forte Oil) and his very high debt profile.

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The fact that some markets, including Wall Street's, recovered quickly suggests that the fall was based on short-lived copy-cat behaviour by traders worried by steep share-price drops in Hong Kong, rather than by important new information about the value of American shares.

ECONOMIST: All fall down | The