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INDIA: Gold prices hit by import duty

LessThunk comment:  We hope for a good wedding season..and the accompanying luck..

“In the weeks before the budget was announced, Indian gold futures were trading at a discount to prices in the physical market, an indication of slow demand. India’s demand for gold tends to slow during the winter months and usually picks up from April through June”

http://www.wsj.com/articles/indias-gold-buying-to-pick-up-after-budget-1425331648?mod=mktw

 


Categorised as: Investing

Posted by: Phaedrus

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