RTRS : India Apr-Jun gold demand for bars, coins down 56 pct
MUMBAI (Reuters) - India's gold demand for coins and bars fell 56 percent in the second quarter of 2009 as weak economic conditions and high prices continued to weigh on sentiment, the World Gold Council said on Wednesday.
Demand for bars and coins fell to 21 tonnes in April-June from 48.1 tonnes a year ago, it said in a statement.
"We expect consumers, investors and the trade to look for opportunities to buy following an exceptional period of profit-taking and de-stocking," said Aram Shishmanian, chief executive of the World Gold Council.
