+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

There Was So Much Demand For Physical Gold In India This Past Week, Retailers Struggled To Keep Up

Apr 23, 2013, 06:04 IST

Amid the gold crash, retail purchasers of gold are still buying heavily.

Advertisement

From Reuters:

A customer looks at bangles before purchasing them at a gold showroom in the southern Indian city of Kochi April 19, 2013. Gold rebounded above $1,400 an ounce on Friday as strong buying of coins and bars continued, primarily in Asia, but prices were still on course for a fourth week of losses after a brutal sell-off. Gold retailers struggled to cope this week as parents buying dowries, casual shoppers and tourists snapped up bars, coins, nuggets and jewellery as a slump in the price of the yellow metal released years of pent-up retail demand.

REUTERS/Sivaram

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article