India's gold demand could recover during Q4 on festival shopping: WGC

By Rajendra Jadhav MUMBAI (Reuters) - India's gold demand in the fourth quarter is expected to recover after falling 30% in the previous quarter as festivals are expected to strengthen retail jewellery purchases, the World Gold Council (WGC) said on Thursday.

"We expect quarter four would be better than quarter three due to pent-up demand and festivals," said Somasundaram PR, the managing director of WGC's Indian operations. Demand for the precious metal usually spikes towards the end of the year in India, as.....

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