Industrial demand

Precious metals gold and silver prices moved in opposite directions, while the country’s forex reserves rose to $$367.76 billion. - Sakshi Post

Gold Recovers, Silver Cracks Below Rs 46K, Forex Reserves at $367 Bn 

Sep 10, 2016
Yellow metal rises on jewellers’ demand, silver eases on weak industrial off take
Gold imports fell by about 48 per cent to $3.90 billion in the first quarter of 2016-17 from $7.51 billion in April-June 2015. - Sakshi Post

Gold import nearly halves to $3.90 bn in Apr-Jun; yellow metal at 2-week low 

Jul 18, 2016
Drop in precious metals
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