Chennai:  Spurred by festival and wedding events, gold demand in India is likely to gain pace in the second half of 2012 after a dip of 8 % in the yellow metal’s value in the first six months.  The demand for gold has been “fairly robust in the long run” and stood at around 700 tonnes in the last three years, World Gold Council Director (Jewellery) Vipin Sharma told reporters here after launching its wedding jewellery collection ‘Azva’.  However, there had been a 8% “dip in value” of the precious metal in the first half of 2012 compared to the same period in 2011 but demand will pick up in the wake of the festive season.

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