India's gold demand rose 14% in Apr-Jun: GFMS

摘要

India's gold demand in the April-June 2019 quarter saw an increase of 14% on a year-on-year basis, but it might remain muted in the next two quarters. Among the reasons for a weak outlook are high domestic prices. The rates, already high globally, will rise further in India on account of the 2.5% import duty increase announced in Union Budget 2019 earlier this month.