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IPMI and Industry News: Industry News

Current Gold Demand in India

Tuesday, January 30, 2018  
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Indian gold demand wanes as jewellers expect import tax cut in budget

Gold prices in India, the world’s second-biggest user of the precious metal, were at discounts as jewellers were postponing purchases on the expectation that the government will announce an import tax cut in its annual budget on Thursday. The lower import tax could boost India’s gold demand and support global prices that are currently trading near their highest in 17 months. - Reuters 01/30/2018

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