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Reuters reported that Indian demand for gold is expected to rebound in 2013, after lagging in 2012.
Reuters reported that Indian demand for gold is expected to rebound in 2013, after lagging in 2012.
As quoted in the market report:
An increase in auspicious days for weddings in 2013 – a key factor driving gold jewellery purchases in the world’s top gold consumer – will help boost demand by 25 percent on the year, said Shekhar Bhandari, executive vice president of treasury at Mumbai-based Kotak Mahindra Bank.
