The comments of US-based strategic investor Nigam Arora on the gold price fall being driven by India has been impacting the global bullion market since Wednesday. He had, that day, written in his closely tracked The Arora Report that the real reason for crashing gold prices was not the Donald Trump victory there but Narendra Modi, the Indian prime minister, demonetising 86 per cent of the country’s currency base at one stroke. 
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