In its latest outlook report on gold, the World Gold Council (WGC) projected that gold demand in India is expected to revive in the second half of this year, having fallen 6 percent in the first half. Somasundaram PR, managing director of WGC’s Indian operations, told Reuters, “a hike in crop prices and farm loan waivers would improve rural demand in the second half of the year.” “If the monsoon delivers lower rainfall then we may end at the lower end of the range,” he added. Key Details: In the April-June quarter, Indian gold demand fell 8 percent from a year ago to 187.2 tonnes, hit by a rally in local prices due to a depreciating Rupee. Investment gold demand fell 9 percent in the first half of 2018 from a year ago to 71.6 tonnes as the stock market was giving better returns than bullion. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD stance remains neutral – Commerzbank FX Street 5 years In its latest outlook report on gold, the World Gold Council (WGC) projected that gold demand in India is expected to revive in the second half of this year, having fallen 6 percent in the first half. Somasundaram PR, managing director of WGC's Indian operations, told Reuters, "a hike in crop prices and farm loan waivers would improve rural demand in the second half of the year." "If the monsoon delivers lower rainfall then we may end at the lower end of the range," he added. Key Details: In the April-June quarter, Indian gold demand fell 8 percent from a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
