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India’s gold demand fell 30%, but ‘cautious optimism’ may be returning – CNBC

The World Gold Council said global demand for gold declined 19% year-on-year to 892 tonnes for the July-September quarter — it was the lowest quarterly total since…

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An employee arranges one kilogram gold bars for a photograph in Bangkok, Thailand, on January 13, 2016.
SINGAPORE Gold demand in India fell 30% in the previous quarter, but a sense of “cautious optimism” has returned to the market, according to the World Gold Council.
India is one of the largest markets for gold.
Jewelry demand in India between July to September fell 48% year-on-year to 52.8 tonnes from around 101.6 tonnes a year earlier, the organization said in a report. But demand for gold as…

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