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There is visible drop in demand of gold in developed nations led by USA on better economic outlook, while in Asian markets like China and India, demand has come down as well. China is not buying much gold as the government has initiated anti-corruption drive, while in India restriction has been imposed on gold import in August last year owing to country's high Current Account Deficit. It would be interesting to see how would be the end demand of gold appear by the end of this year. At current rate, it looks like total demand would drop below 4000 tons.
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30 Oct 14
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