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‘Yellow metal demand may dip’

Published: 16th May 2013 09:37 AM  |   Last Updated: 16th May 2013 09:37 AM   |  A+A-

By ENS

Gold demand is likely to fall as easing of general inflation rate will make investment in financial products more attractive than the yellow metal, PMEAC Chairman C Rangarajan said on Wednesday.

Also, the steps being taken to curb gold demand are expected to bring down the current account deficit (CAD) by 0.4-0.5 per cent of GDP in the current fiscal, he said. “Some action has been taken by RBI in terms of controlling gold demand. As inflation comes down, it will be possible to contain gold demand,” he said.



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