India’s festive gold buying spree continues, defying record price

Indian gold buyers ignored record prices and bought extensively for Dhanteras and Diwali, expecting gold’s value to rise further. Strong gold demand could boost global prices and widen India’s trade deficit. Gold investments are seen as more lucrative with stock market performance cooling. Indian gold buyers ignored record prices and bought extensively for Dhanteras and Diwali, expecting gold’s value to rise further. Strong gold demand could boost global prices and widen India’s trade deficit. Gold investments are seen as more lucrative with stock market performance cooling.  Economic Times

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