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Indian Gold buying during festival season pales compared to 2011

Posted on 27 April 2012

Physical demand for gold has been very uninspiring with the amount of buying in conjunction with an Indian festival appearing well below levels from a year ago, said UBS in a commodity briefing.

According to the bank, combined volumes on the Shanghai Gold Exchange have been fairly decent lately, consistently trading above the 12-month rolling average of about 7.5 metric tons so far this week………………………………………..Full Article: Source


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