Hindu Festivals

World Gold Council has reported that the price of gold reached a record high on 14 September 2010, with both the price of the metal and the purchase price increasing more than 2% to $1,274.75 an ounce. An ANZ analyst attributed the rise - the commodity's largest one-day gain in four months - to people's continuing 'fear', as well as demand rising ahead of the seasonal Indian wedding and Hindu festival periods. Its price has risen 16% in 2010.