Indian Buyers Taking Advantage of Gold Price Drop

Mineweb reported that one perk of gold’s recent price drop is that it is spurring demand from Indian buyers.

As quoted in the market news:

Gold demand has picked up across the country, according to traders, despite it being an `inauspicious’ period as per the Hindu calender.

Despite the ongoing ‘shradh’ period, which many in India consider inauspicious for buying not just gold, but even other commodities such as cars, there has been some buying reported across retail outlets.

Click here to read the full Mineweb report.