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SINGAPORE: Gold fell below $1,200 on Friday to its lowest since August 2010 before recovering, and is on track to post its worst quarter since at least 1968 on persistent worries over the U.S. Federal Reserve's plan to wind down its monetary stimulus.
Indian silver imports are on pace to hit a record high this year as the wedding and festival season drives up buying of the precious metal instead of the traditional gold, which has been made scarcer and dearer by official measures aimed at cutting the trade gap.
China is set this year to usurp India as the world's biggest gold consumer by a convincing margin as strict import rules introduced by New Delhi bite, forecasts from the World Gold Council showed on Thursday.
LONDON, Aug 9 (Reuters) - Gold prices eased back below $1,310 an ounce on Friday to head for a second straight weekly loss, as the dollar recovered from this week's seven-week low and uncertainty persisted over the outlook for U.S. monetary policy.
GEORGE TOWN: Bursa Malaysia will introduce gold futures trading in local currency on Oct 7 in a move to stamp out illegal gold trading activities in the country.
KUALA LUMPUR: Bursa Malaysia will begin gold futures trading on Monday Oct 7, marking a move to offer precious metal futures, thereby deepening the capital markets in the country.