5 Reasons Why Gold Demand Fell In Second Quarter

India gold demand fell 20 per cent to 98 tonnes in the second quarter, impacted by rural incomes remaining under pressure, as well as the government's decision to increase excise duty.

Jewellery demand for H1 was the lowest since 2009 at just 186.3 tonnes.

"Although Akshaya Tritiya sales provided a brief boost to demand in May, this was insufficient to prevent a severe Q2 contraction," WGC said in its latest report.

Here are some of the main 5 reasons why gold fell:

{photo-feature}