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Gold demand in India declined by 8 per cent during the second quarter of the current calendar year due to a slowdown in consumer off-take following a extra-month- "adhik mass", considered to be inauspicious period, coupled with a range bound price in local currency due to rupee depreciation.The apex global gold miners' body the World Gold Council (WGC) estimated overall gold demand in India at 187.2 tonnes for the April - June quarter 2018 compared to 202.6 tonnes in the corresponding quarter last year. While gold demand from jewellery sector slumped by 8 per cent to 147.9 tonnes for Q2, '18 from 161 tonnes in the comparable period last year, its investment demand fell by 5 per cent to 39.3 tonnes from 41.6 tonnes in the period under review.For the first half between January - June 2018 period, however, India's gold demand reported a decline of 6 per cent to 338.7 tonnes for the current year from 363.3 tonnes in the corresponding period last year."India's gold demand in the second ...

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