India’s Biggest Jewelers Have a Diwali Plan for Gold: Buy Less of It
India, the world’s second-largest gold consumer, usually does most of its buying between October and December. This year, its largest jewelers are holding back, waiting for cheaper gold. Gold traded at $4,044.65 on Wednesday, down 3.26% from a month earlier, according to Trading Economics. India and China together account for about half of global gold The post India’s Biggest Jewelers Have a Diwali Plan for Gold: Buy Less of It appeared first on BeInCrypto.
Key Takeaways
- India, the world’s second-largest gold consumer, usually does most of its buying between October and December.
- This year, its largest jewelers are holding back, waiting for cheaper gold.
- Gold traded at $4,044.65 on Wednesday, down 3.26% from a month earlier, according to Trading Economics.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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