India Gold Demand Flattens

Dec. 26, 2012 6:31 a.m. ET

NEW DELHI--Gold demand in India, the world's largest market, has flattened out again after briefly rising due to festival demand in the third quarter of this year as investors eye stronger gains from equities.

Investors have been drawn to gold because it has outperformed other asset classes in the last couple of years, but some of its sheen is wearing thin as they are anticipating that the government would likely raise an import tax...

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