Dip in Gold Demand unlike Past 8 Years
Posted on: 27/Nov/2015 10:07:18 AM
The gold buying of India in the key December quarter is prone to meet a historic dip! This will fall to be the lowest level in the past eight years due to poor investment demand and continual droughts all of which have slashed earnings for the country`s millions of farmers.
Exerting a pressure on global prices which has hit five-year low during the early days of this month, a retailer and two bank dealers said this decrease in demand could have imports by the world`s second biggest gold consumer in the US dollar terms.
