Gold Demand Picks Up In India ...Middle East

Economy by : (OILPRICE) -
The arrival of festivals and the wedding season coincide with a price pullback last month. This helped drive Indian retail demand higher according to the World Gold Council, pushing the local market back into a premium for most of the month. October retail demand remained strong with the onset of festivals and weddings. The festivals of Dussehra and Dhanteras sparked fresh demand for physical gold towards the end of the month. … With a stable gold price before this date, demand received a boost from sales of jewelry (for weddings and everyday…

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