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The start of this years festival season is one of many factors underpinning India’s position as one of the Worlds largest physical gold markets. It is not just Indian bullion retailers who are gearing up for the festival of lights in India next week. The World Gold Council too has noted a significant jump in sales from end-October and early November, in a run-up to the festival. India’s import of the precious metal could be appreciably higher than was earlier envisaged, according to the Council. At a press conference, the global organisation said that India could import around 800 tonnes… continue reading