Drop in gold price

 

In India, around 60 percent of gold purchases come from the farmers, whose income and demand for gold depend largely on the agricultural production, which is determined by weather conditions. [File photo]

The price of gold may drop. In India, around 60 percent of gold purchases come from the farmers, whose income and demand for gold depend largely on the agricultural production, which is determined by weather conditions. Therefore, El Ni?o, which results in poor agricultural yields, may lead to falling gold prices.