Friday 17 July 2015

Gold sales yet to pick up despite fall in prices


Gold prices may have fallen to Rs 26,000 per 10 gm, but that has done little to spur demand. Industry executives said consumers in cities are waiting for the price to fall further after an expected interest rate hike by the US Federal Reserve while those in rural India are not showing much interest in the precious metal owing to fears of a deficient monsoon 
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