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Diwali underpins gold’s surge

Posted on 08 November 2010

From 9msn.com: India’s farmers and housewives are joining western investors and stocking up on gold, underpinning the market even as prices soar to new records. Buyers in India, the world’s largest consumers of bullion with one-eighth of global demand, are typically very sensitive to price moves and have scaled back their purchases as gold has spiralled ever higher.
But jewellers in Mumbai and bankers in London said that gold consumption in the country had rebounded……………………………………….Full Article: Source


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