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Gold refining picks up as smuggling falls after note ban

Gold refining picks up as smuggling falls after note ban

Friday, April 14, 2017, 3:55 PM

Gold refining activity has picked up in India after a gap of five months since the demonetisation in November. MMTC PAMP, the only London Bullion Market Association-accredited Indian refiner, said it was in response to a decline in smuggled gold, while others said the spike in demand from the upcoming wedding season and Akshaya Tritiya are the cause.
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