| India’s gold demand might, it is believed, rise by no more than three per cent in 2015 over this year. Data compiled by rating agency ICRA forecasts the demand at 850 tonnes, compared to the 825 tonnes estimated in 2014.
The World Gold Council (WGC), which represents the mining industry, puts India’s demand between 850 and 950 tonnes in 2014. Easing import curbs, the government early this month withdrew the 16-month-old ‘80:20’ scheme, under which at least a fifth of any import consignment had to be supplied to jewellery exporters...............................................Full Article: Source
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