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International Gold: Why Demand Is Slumping in India [DETAILS] | The Mesh Report

International Gold: Why Demand Is Slumping in India [DETAILS]

Mike Hammer January 8, 2019 Comments Off on International Gold: Why Demand Is Slumping in India [DETAILS]

Gold demand slumped 20% in India over 2018 according to a report in India’s Economic Times news outlet.  This isn’t too surprising in light of the decline – some would say collapse – of the rupee last Spring. Any time a currency drops 8% in less than 6 months you can be sure prices for imported products will rise.

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