http://www.thenational.ae/business/economy/indias-appetite-for-gold-set-to-surge
India’s demand for gold is expected to surge this quarter to reach up
to 300 tonnes, boosted by the festive and wedding season, according to
the World Gold Council (WGC).
Demand for the precious metal in
India is set to increase by about 15 per cent from this month to
December compared with the same period last year, the organisation
forecast.
Between July and September there was a lull, as imports
of gold slumped after action taken by the Reserve Bank of India (RBI) in
July.
Confusion resulted from RBI’s rule requiring importers to
re-export at least 20 per cent of the gold brought into the country.
Detailed guidelines were then issued in August, clarifying the matter.
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