14.08.2015 - Lower gold prices may bolster Indian demand in H2 - WGC
India's gold demand in the second half of 2015 could rise by more than a quarter from a year before as lower prices encourage buying during the peak festival season towards the year-end, the World Gold Council (WGC) said on Thursday. Stronger demand from the world's second-biggest gold consumer could support the global bullion price, which hit its lowest in 5-1/2 years below $1,100 an ounce last month. But growth in demand could be lower if monsoon rains turned out to be weak, Somasundaram PR, managing director of the WGC's Indian operations, told Reuters...............................................Full Article: Source
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