The festival season in India finds stronger demand for physical gold coming out of that nation.
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Reports coming out of India are seeing better demand for physical gold amid the festival season in that country.
On the domestic front, analysts foresee a spurt in auto sales with the advent of the festival season, which in India is considered an auspicious time to make purchases.
So India's sugar daddies want special protection as the upcoming festival season teases the country's sweet tooth amid fears of shortage.
Retailers and analysts said consumer demand for gold is rising about 10% to 15%, when sales usually rise 40% to 50% during the Akshaya Trithiya festival season.
Late spring and early summer, when the weather is at its most pleasant, is prime festival season in the city.
Traders, however, say that some of the buying interest seems to be waning despite the wedding season demand and the Hindu festival of Akshaya Tritiya on May 13, when it is considered auspicious to buy gold.
Imports are expected to be high again in May because of the wedding season and festival-related demand.
After criticism of the 2011 event, organisers are considering moving the event back to August, when the city's festival season is in full swing.
This had been an important structure for the annual Lughnasa Festival, when the ancient Celts celebrated the harvest season.
In other news, reports said physical demand for gold coming out of India is on the rise due to its festival season and because recent price declines are prompting bargain hunting.
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At the nearby Landao Department Store, sales topped 6.13 million RMB, nearly 1.5 million RMB above the record set at the height of this year's Spring Festival shopping season.
Meanwhile, Smith will take the squad to Australia on 20 July for the inaugural Sydney Festival of Football to play pre-season matches against Sydney FC, Blackburn Rovers and AEK Athens.
The rising price does reduce demand but each festival and wedding season brings sales back up again.
These are just a handful of the stars likely to turn up at Glastonbury and some of the other festivals, so the boots are being touted as this season's festival must-have.
Besides wedding season demand, some buying may come during the Hindu festival of Akshaya Trithiya on May 13, which is considered one of the most auspicious festival gold-buying occasions, traders say.
The festival coincides with the launching of 'Sesame Street's' 28th season and the producers are hoping for heaps of attention.
The Irish champion jockey had been expecting to spend the first day of the Festival eating further into Sir Gordon Richards' long-standing record of 269 winners in a season.
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