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Bloomberg reported that gold selling is occurring at a rapid pace in India as prices rise.
Bloomberg reported that gold selling is occurring at a rapid pace in India as prices rise.
As quoted in the market news:
Gold in India climbed to a record on June 2 after the rupee fell to an all-time low against the dollar, while global prices are down 16 percent from a peak reached in September. The jump in scrap sales adds to evidence of slowing demand in India that may lose its spot as the world’s largest bullion market in 2012 .
