Indian farmers trim gold purchases, threatening rebound in global prices

April 9, 2015 7:13 AM

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SHINGAVE NAIK, India, April 9 (Reuters) - Gold demand in the world's biggest consumer India risks falling for a second straight year in 2015, as millions of Indian farmers hit by erratic weather and falling commodity prices trim gold purchases.

Nearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.

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