Ahead of Dhanteras – Indian Gold Demand in 2018 is Expected to Fall From the Previous year – A fall in demand from the world’s Second Biggest Bullion buyer could weigh on global prices that are already down 6.5 percent so far this year.
But lower imports could also help the South Asian country reduce its trade deficit and support a weak rupee, which hit a record low last month.
“Demand is expected to be muted due to a steep rise in prices. It is likely to be at the lower end of the 700 to 800 tonnes range,” Somasundaram PR, managing director of the gold council’s Indian operations –
Neal Bhai Reports
