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K.K. Mustafah

SLIP IN DEMAND: A gold smith engaged in making ornaments at his unit in Kerala's Thrissur. Indian consumer demand for gold jewellery fell by 28 per cent to 145 tonnes during the first quarter this year. While jewellery demand slipped 38 per cent, net retail investment increased 32 per cent. High gold prices are seen as the primary reason for this. Currently, gold is range-bound around $570 an ounce with the movement in dollar dictating its direction.

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