Indian gold demand rises 10 per cent in Sep quater; festive outlook muted

Indian gold demand during the September quarter registered a 10 per cent rise to 183.2 tonnes from a year earlier, as prices fell significantly resulting in bargain buying, the World Gold Council (WGC) said in a report Thursday. Going forward, however, the seasonal spike in gold demand could be moderate this Dhanteras-Diwali, owing to factors like a lack of liquidity and rising prices.

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