BEARISH 45 BeInCrypto 1H ago · 3 min read

India’s Biggest Jewelers Have a Diwali Plan for Gold: Buy Less of It

AI summary

India's largest jewelers are holding back on gold purchases during the Diwali season, waiting for cheaper prices instead of stocking up as usual. 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 demand, so a pullback from Indian buyers during peak season removes a key source of physical demand and could weigh on prices.

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