-
Gold Near Record in India May Lure Investors Back to the Bazaars
A rally in domestic gold prices to near record levels may coax investors missing from India’s bazaars to once again buy coins and bars after little movement in the last five years. Benchmark gold futures in Mumbai have surged 11% this year to as high as 34,893 rupees ($504) per 10 grams on Tuesday, just shy of a record of 35,074 rupees touched in 2013. “The whole world is getting bullish on gold now because of the economic and geopolitical tensions,” said Ketan Shroff, a director at Mumbai-based Penta Gold Pvt. and a former joint secretary of the India Bullion and Jewellers Association Ltd., by phone. “People ... (full story)