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IPMI and Industry News: Industry News

Asia Gold: Indian demand lags

Friday, January 18, 2019  
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Indian gold demand lags on price surge; all eyes on Lunar New Year

Gold demand turned fragile this week in India as local prices jumped to their highest level in 2-1/2-years, while traders in major buying centres in Asia pinned hopes on purchases ahead of the approaching Lunar New Year. Local gold prices in India, world's second-largest gold consumer, touched their highest since July 2016 this week. - Reuters at Kitco 01/18/2018

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