India’s Gold Buying Seen Falling to Seven-Year Low: Chart
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Demand for gold in India, the biggest consumer after China, has been falling, with a Bloomberg survey of five jewelers and traders expecting the weakest year since 2009. Still, a slump in prices over the past month has given jewelers a glimmer of hope that the coming festive season of Diwali, when buying gold is popular, can turn the trend around.