India Gold Demand Moderates as Duty Hike and Price Volatility Weigh on Buying
India’s gold market slowed through May and early June as higher import duties, price volatility and seasonal factors curtailed jewellery demand, while ETF outflows and imports also declined.
India gold demand up 15%, says World Gold Council
Indian jewellery demand consumed a 15 per cent higher - 124 t of gold jewellery due to RBI’s remonetisation buoying consumer sentiment.
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