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Sluggish demands for Gold

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Festive demand for gold in the country got off to a tepid start, with local prices still at a heavy discount to the global benchmark, a bad sign for a period when buying is typically strong.

Though sales picked up this week with the onset of the festival season, demand was lower than usual, retailers said, even as jewellers splashed newspapers across the country with ads promising good deals and discounts.

Following the nine-day Hindu festival of Navratri, India celebrated Dussehra on...

Sluggish demands for Gold

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