As per Reuters, the gold price fluctuations in Asia have been noted as a major factor curtailing demand in India. Regarded as one of the major markets for gold, India’s dampened demand contributes significantly to the global market trends.
Gold, a quintessential part of Indian tradition, is often purchased for weddings and various other auspicious occasions. However, the unpredictable price movements seem to have made consumers cautious, leading to a temporary pause in gold purchases.
Analysts speculate that if these fluctuating prices persist, a negative impact on the Indian as well as international gold markets might continue. Nevertheless, it is noteworthy that in the world of commodities, such fluctuations are not unusual and following a period of reconciliation, recoveries often occur. Read More
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