[Gold: Indian festive buying seen subdued amid higher prices] NEWS UPDATE BY COMMODITYPROFITPLUS.COM

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Somasundaram PR, Managing Director of the World Gold Council’s (WGC) Indian operations, told Reuters on Thursday, that the demand for gold from India is likely to reduce from the previous year during the festivals in the December quarter, in the wake of a surge in the Indian gold prices to five-year highs.

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