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India’s demand for gold jewellery declines

Victoria Hewitt-Marsh, News Editor
16 Jan 2014, 5:25 p.m.

According to Haresh Soni Chairman of the All India Gem & Jewellery Trade Federation, India’s demand for gold jewellery has declined despite a drop in the gold price and the upcoming wedding season. “Compared to last January the market is down. Volatility in gold is also affecting the market. Consumers are very cautious on purchasing gold. Inflationary pressure is also keeping consumers away from purchasing gold.”

View original source at: articles.economictimes.indiatimes.com

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