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Friday, November 15, 2013

Yearly Gold Demand to be 900-1,000 Tonnes Despite Q3 Fall: WGC

A VARIETY of official restrictions on gold imports notwithstanding, the World Gold Council (WGC) says consumption of the yellow metal in July-September may have been 150 per cent more than gold imports that the finance ministry had estimated earlier. In other words, a huge amount of gold is being smuggled into the country.

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