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While in China the fall in jewellery demand was 5 per cent at 174 tonnes due to slow economic growth and a turbulent stock market, in India it dropped 23 per cent to 118 tonnes following heavy unseasonal rains in Q1 and drought in Q2 that impacted rural incomes and affected gold...

“It is fair to say that investment demand for the quarter remained muted given the continuing recovery in the US economy and booming stock markets in India and China during the quarter”, Alistair Hewitt, head of market intelligence at the World Gold Council, said in a...