Lower Rupee Keeps Gold Demand Subdued
Reuters reported that gold demand in India stayed lower due to a weaker rupee.
Reuters reported that gold demand in India stayed lower due to a weaker rupee.
Last week gold fell and then rose. But, for the sake of preserving momentum, further gains are needed.
Reuters reported that India gold demand fell as a lower rupee increased the cost of imports.
Reuters reported that demand for gold in India dropped as prices increased in the country.
Mineweb reported that an increase in India gold ETFs may signal a shift in buying patterns.
Mineweb reported that gold sales in India are up during the country's annual gold festival.
India Expecting Increased Gold Buying on Akshaya Tritiya
Reuters reported that gold traders stayed quiet ahead of the Indian gold buying festival Akshaya Tritiya.
Mineweb reported that gold prices are expected to remain volatile in the near term.
Reuters reported that India’s daily gold sales are 80 percent less than they were a year ago even though jewellers have ended their strike over taxes.
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