Asia Sentinel

Asia Sentinel

India’s Gold Industry Loses its Sparkle

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Asia Sentinel
Nov 20, 2013
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The average world gold price has fallen by 20 percent year-on-year in the third quarter, to US$1,326 per ounce from US$1,652 in October 2012. Prices have been declining in each quarter of 2013. But not in India.

Grappling with a high trade deficit and a weak rupee, India imposed a series of measures earlier this year to crimp demand for the metal – the s…

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