Gold consumers in India are on the sidelines ignoring steep price drop

Gold consumers in India are on the sidelines ignoring steep price drop

By Swansy Afonso

The biggest drop in gold prices in nearly seven years has not been enough to get Indian buyers back into the shops and they are likely to stay on the sidelines as volatility increases.

Domestic gold prices fell the most since October 2013 on Tuesday, capping this year’s rally at 33%. Gold has since recouped some losses, disturbing consumers, who traditionally rush to buy when…

View On WordPress