News From Press What is taking the shine off gold in India?

What is taking the shine off gold in India?

There are also a growing number of alternatives to gold jewelry for those who want to save up for a rainy day

Mint Oct 28, 2019

The world’s most important gold market isn’t what it used to be. Just a decade ago, India’s hunger for gold jewelry and bullion meant it accounted for about a quarter of global demand. Consumption has since fallen by about 24%. Ahead of Sunday’s Diwali festival, when purchases traditionally peak, imports in September fell to their lowest level in three years.

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