Demand for gold in India tepid despite fall in prices to a 5-year low

Gold prices fell to Rs 25,000 per 10 gm Monday morning triggered by a drop in overseas bullion to a five-year low of US $1,080 an ounce (31.10 gms). Gold plummeted to US $1,080 from US $1,132 an ounce in a matter of minutes at around 11.30 am after 5 tonnes of bullion were offloaded in the Chinese market.
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