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Reuters reported that despite a global gold price drop and a stronger rupee, India gold demand stayed subdued.
Reuters reported that despite a global gold price drop and a stronger rupee, India gold demand stayed subdued.
As quoted in the market news:
Gold demand in India is likely to moderate in 2012 as higher inflation trims disposable income at a time prices are stubbornly high on a weak rupee, the head of the World Gold Council in the country said earlier this month.
