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India Jewelers Hold Off Gold Buying, Betting Prices Will Drop

Key Points

Indian jewelers are holding back gold purchases ahead of their busiest demand season, betting that a recent drop in prices has further to run, according to the country’s biggest precious metals refiner.

Indian jewelers are holding back gold purchases ahead of their busiest demand season, betting that a recent drop in prices has further to run, according to the country’s biggest precious metals refiner.
India Jewelers (ORG) Indian (ORG)
Originally published by Bloomberg Markets Read original →