Policy Relaxation on Import Restrictions Looks Promising for Gold Prices

As reported by Reuters, India's gold demand is likely to pick up in the second half of the year following promising signs that curbs on bullion imports are expected to be eased by India’s new government.
 
Any roll back in these restrictions and stronger demand from India, the world's No.2 buyer of gold after China, could support a recovery in global prices of the precious metal that fell for the first time in 13 years last year, said Reuters.
 
In addition to being a popular form of investment, Indians consider gold to be an auspicious gift or offering at weddings and religious ceremonies. 
 



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