| World Gold Council’s India office believes Indian demand for gold bullion in 2012 will end up reaching approximately 800 metric tons, a substantial increase from earlier estimates of 650–750 tons.
While India’s government has been trying several tactics to reduce gold bullion imports, the earlier drop in demand has not led to a sustained decline for gold prices. According to Cekerevac, in spite of lower than normal gold bullion demand by Indian buyers, gold prices are expected to remain extremely strong...............................................Full Article: Source
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