Not exact matches
MUMBAI / BENGALURU, April 18 -
Demand for physical
gold was lower - than - usual during a key festival in the world's second biggest consumer India as local prices peaked and a cash crunch
curbed retail spending.
Demand for
gold, the «fear index» has likely be
curbed by greater odds of a December rate hike, as well as the surging dollar.
Gold fell as the dollar held near the highest level in five years and investors reduced holdings in the largest exchange - traded product backed by the metal,
curbing demand for a store of value.