Thursday, 3 September 2015

Patchy rains may spoil gold demand in rural areas

India's gold imports are likely to fall 10per cent this year due to a decline in demand following a weak monsoon and offloading of the precious metal by investors to generate liquidity in the backdrop of a crash in equity market. "Deficit rainfall will definitely hurt the gold demand in rural India as certain crops may get damaged. On a conservative basis,...Read More

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