Monsoon concerns weigh on gold demand, prices at discount
Nearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.
and A. Ananthalakshmi
Mumbai/Singapore Last Updated: June 17, 2015 | 14:00 IST
"Demand is quite weak compared to last month," said Mangesh Devi, a jeweller from Maharashtra whose customers are mainly sugar cane and vegetable growers. (Photo: Reuters)