Wednesday, May 12, 2021
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Physical gold in India swings to discount as pandemic stalls demand

Physical gold in India was sold at a discount this week for the first time in 2021 as a spike in coronavirus cases prompted strict restrictions and kept buyers away. Several Indian states have run out of coronavirus vaccines as new infections surged to another daily record. "Almost every state government

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Hedging effectiveness, low-rate environment to support gold demand this year: WGC

The need for effective hedges and the low-rate environment will keep investment demand for gold well supported this year, and the precious metal could mimic the strong growth seen in 2010 just after the global financial crisis, an outlook on the industry published by World Gold Council (WGC) said. The

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