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Monday, May 12, 2014

Gold prices to stay range bound by Sachin Karpe


Gold prices to stay range bound by Sachin Karpe. Precious metal: Gold prices remained flat in Indian as well as International market as poor demand from Asian economies and easing fear in Ukraine kept the prices in range. While Gold imports almost doubled in March to 50 tonnes after more banks were allowed to import the yellow metal India's gold demand was up 13 per cent in 2013, compared to 2012. Demand in the second half was lower due to the effect of the supply curbs introduced in that period, but, equally, it was due to households having met a large part of their annual gold requirements in the first half, using the price drop in April as a buying opportunity.

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