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Weak Rural Economy Hits India’s Gold Appetite

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A weak rural economy has hit India’s appetite for gold with sinking demand for the yellow metal even though global prices are at a four-year low. Bhumika Malik is browsing around the Gold's Gym in the business hub of Gurgaon near Delhi to buy a piece of jewelry her husband wants to give her for their anniversary. “It's been really long I have purchased anything, because the prices I am sure were not too good, but now they are falling down, so just trying my hand on that,” she said...

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