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Indian weddings driving gold towards $700/oz

HEAVY seasonal gold buying out of India has helped to keep the price of gold on the precipice of breaking through the $US700 per ounce barrier, despite recent slip-backs in the price of oil.

Paul Garvey
Indian weddings driving gold towards $700/oz

April typically generates heavy gold buying out of India as the traditional wedding season approaches. Last week’s Akshaya Tritiya (or auspicious wedding day) festival reportedly drew heavy gold buying...

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