Physical demand remains lacklustre. Demand in India is expected to pick up in early September ahead of the wedding and festival seasons but monsoon rainfall remains below normal levels despite a pick up over the past month. The shortfall is likely to be as great as 15-20% by the end of the season.
The imports are rising with an estimated of 214 tonnes of gold imports in the last three months. ..
Consumers think festivals are the best time to buy gold ornaments as it is considered auspicious...
In the US, key data released last week were stronger than expected, ranging from existing home sa..