Wgc: There was a sharp rise in yellow metal prices in a very short span of time to a peak of Rs 64,000 per 10 gram. Also, some demand got shaved off due to the overall tax compliance in the country, he said.
The lower purchases in the world s second-biggest gold consumer could limit a rally in global prices. Falling demand for gold imports could also help to narrow India s trade deficit and support the rupee.
The lower purchases in the world s second-biggest gold consumer could limit a rally in global prices and falling demand for gold imports could also help to narrow India s trade deficit and support the rupee, , world gold council, gold demand