Lower Rupee Keeps Gold Demand Subdued

Precious Metals

Reuters reported that gold demand in India stayed lower due to a weaker rupee.

Reuters reported that gold demand in India stayed lower due to a weaker rupee.

As quoted in the market news:

In volume terms, gold demand in the first quarter of 2012 fell 29 percent in India, with the sharpest fall coming in investment demand segment – which tumbled 46 percent.

Click here to read the full Reuters report.

The Conversation (0)
×