Indian demand for gold may drop 53% in 2012

Gold falling as Indian demand may drop 53% in 2012

The midweek trading session in New York opened with lower prices across the precious metals boards, particularly gold, as crude oil slipped by a notable amount and as options expiry and month-end related trading book activities became visible. The US dollar remained above the 79 mark on the trade-weighted index refusing to give up too much value ground following relatively dovish comments on Tuesday by Fed Chairman Bernank