India Gold Price Slide Fails to Lift Spot Buying

Reuters reported that despite a drop in prices, gold demand in India has weakened.

The market news is quoted as saying:

The most-active gold contract for October delivery on the Multi Commodity Exchange (MCX) was trading 3.22 percent lower at 25,857 rupees per 10 grams, after hitting an intra-day level of 24,992 rupees, the lowest since Aug. 8.

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