12.06.2014 - Rising markets eating into demand for gold in India
Even though gold has gradually lost appeal among global investors since 2013 — amid a compounding consensus view that a decade-long bull run in the yellow metal may be over — a weaker rupee and restrictive import policies have ensured that, in India, the impact hasn’t been so extreme. Even as the average global spot price corrected by a third to $1202 an ounce in 2013, domestic spot prices moderated by just about 1% to Rs 29,158 per 10 gm, thanks to a declining average value of the rupee from Rs 53.5 in 2012 to R58.6 against the dollar...............................................Full Article: Source
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