Indian gold demand revives as prices slide
Gold demand in India picked up as falling prices coincided with the Dhanteras festival. Buyers returned to showrooms to purchase bullion after months of waiting, though rural sales remained weak due to poor monsoon rains.
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India's retail Gold demand rebounded during Friday morning trading as prices dropped to a seven-month low, drawing bargain hunters back to showrooms. The surge coincides with the Dhanteras festival, offering a vital lift to global bullion markets. Higher import volumes could widen India's trade deficit and weigh on the rupee.
