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High prices dampen gold demand in India, but festive season may bring back the shine
At this time of the year, jewellery sellers in India usually report strong sales of gold as the festive and wedding season draws close, peaking with Diwali in November. The precious metal is a status symbol in India, considered auspicious to buy during certain Hindu festivals. It is also a part of wedding dowries and serves as a way of storing wealth for many people. But demand for gold in the world’s most populous country has been slipping as prices near record highs, bolstered by global uncertainty and a weak Indian rupee. India was the world’s largest consumer of gold jewellery last year, purchasing more than ... (full story)
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- Aug 11, 2025 3:51am Posted byFundamental Analysis247
