Easing of India rule seen boosting gold demand
Retailer says that it will remove monopoly enjoyed by bigger traders and allow more supplies to smaller jewellers
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Mumbai
FOR Indian gold buyers looking for bargains ahead of the main wedding season, the scrapping of curbs on imports last week could not have come at a better time.
"I'm very happy that I'm able to get more gold within my budget," said Sunita Jain, 55, a housewife whose son is getting married this month. "Prices have fallen and may fall even more," she said while checking out jewellery stores in Mumbai's Zaveri Bazaar.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result