High Prices Set to Dent Gold Sales in Second-Biggest Buyer India
High Prices Set to Dent Gold Sales in Second-Biggest Buyer India Gold demand in India, the world’s second-biggest consumer, could take a bigger beating if prices continue to spiral upward and inflation squeezes disposable incomes, according to the World Gold Council. C ash y our J ewellery Sales slumped 18% from a year earlier and imports plummeted by more than half in the January-to-March period as prices surged and a fresh outbreak of coronavirus kept people away from stores, the London-based promotion group said. Fewer auspicious days for weddings, a key source of demand, and the decision by many households to delay purchases in anticipation of a price correction also added to the decline, it said Cash your Jewellery A division of M/s Akash Deep Metal Industries Limited is Cash Your Jewellery . The RBI granted the NBFC firm permission to launch in 1983, and it was given the registration number 14.002070. The organization's main business objective is to get as much money and...