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Gold price increase to dampen Indian festive purchases - WGC

Thursday, November 1, 2018, 4:19 PM

Indian gold demand in 2018 is expected to fall from the previous year as a rally in local prices to five-year highs is likely to dent purchases during key festivals in the December quarter, the World Gold Council (WGC) said. A fall in demand from the world's second-biggest bullion buyer could weigh on global prices that are already down 6.5% so far this year.
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Global gold demand rises to 964 tonnes in September quarter

Thursday, November 1, 2018, 3:24 PM

Global gold demand was steady at 964 tonnes in September quarter, up 6 tonnes on a year-on-year basis. Robust central bank buying and a 13% rise in consumer demand offset large outflows in gold-backed exchange-traded funds (ETFs). Lower gold prices saw retail investors take refuge in bars and coins, while jewellery purchases increased in India, China and across South-East Asia.
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Gold Demand In India Slides 12% To 115.6 Tonne In March Quarter: WGC

Friday, May 4, 2018, 8:55 AM

The gold demand in India fell by 12% in the first quarter of this year to 115.6 tonne compared to the same period last year due to high local gold price, the World Gold Council (WGC) said in a report. The total demand stood at 131.2 tonne in the January-March period in 2017, WGC said in its 'Gold Demand Trends' report for Q1 2018.

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