SUBSCRIBERS
Gloom to boom: Gold gets its shine back for India's festivals
Precious metal's sales for full year seen recovering 5 per cent to about 700 tonnes from 2016
Published Mon, Oct 16, 2017 · 09:50 PM
Mumbai
UNTIL early this month, Indian jewellers expected the traditional surge in demand from the Hindu Festival of Lights in October to be muted.
The gold industry was struggling to cope with a slump in sales caused by a government crackdown on the black market, and efforts to increase financial transparency.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Gold prices drift higher as Fed stands pat on key interest rate
Oil falls to 7-week low on surprise US storage build, Middle East hopes
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion
Hong Kong team plants seeds to safeguard legacy grains