Gold consumption last year dipped 3% from 2022, with purchases in the festival October-December quarter declining 4% over the same period a year ago. Demand during January-March ought to be slow, with fewer wedding dates. By the time summer demand sets in, interest rate movements may make bullion dearer. Subdued demand in the world's second-largest retail market for gold will have some effect on prices. Rural incomes have to revive more emphatically before rise in gold prices can be absorbed to increase consumption. Read The Rest at :
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