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Reuters reported that gold demand in India was down as a nationwide strike affected many retailers. The one-day strike was organized as a protest against the sweeping government reforms announced last week.
Reuters reported that gold demand in India was down as a nationwide strike affected many retailers. The one-day strike was organized as a protest against the sweeping government reforms announced last week.
A Mumbai-based dealer with a state-run bank commented:
Demand was weak. Jewellery shops were closed due to the strike. Some jewellers were buying from banks, but by and large buying was dull.
Click here to read the full report.
