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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold at any price

Posted on 20 February 2014

In spite of the tightening clutches of the government imposed gold import restrictions, gold demand in India increased 13% in 2013. The reports released by the World Gold Council (WGC) indicate an impressive surge of gold demand in India amidst the stringent rules and regulations put forth by the Reserve Bank of India.
Even though India gave away its first position of being World’s largest consumer of gold to China, the demand for the yellow metal among Indian’s was unaltered as usual. The WGC data shows that gold import reached 975 tons in 2013, in spite of the 10% import hike and 80:20 norms………………………………………..Full Article: Source


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