The Economic Times, 30 Aug 2009
NEW DELHI: A tectonic shift in global gold markets looks imminent, with the world’s top two traditional centres of gold, Switzerland and Dubai, set to make way for the South East Asian hubs of Singapore and Bangkok.
The reason: the recent India-Asean free trade agreement, which could make it cheaper for India to source gold from these two countries. India being the world’s biggest gold consuming country in the world, any change in its sourcing pattern will easily change the market dynamics.
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