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Podcast: businessline's State of the Economy Podcast
Episode: How late monsoons and El-Nino effect can affect gold demand
Description: Somasundaram PR, the Regional CEO of the World Gold Council talks to businessline’s Subramani Ra Mancombu on the reasons for the increase in prices; how late monsoons or the El-Nino effect can affect gold demand; and why demand is still low in the festival season.Somasundaram points out that while high import duties, currently at 18.5%, have contributed to the high prices, they are not the sole reason for the decrease in demand. He suggests that gold prices have risen by more than 100% in the past three years, and despite this, people still consider it a good in...