Muted Demand During India's Second-Biggest Gold-Buying Festival, After Prices Surge

Muted Demand During India's Second-Biggest Gold-Buying Festival, After Prices Surge Gold demand during one of India's key buying festivals stayed muted on Sunday as record prices curbed jewellery purchases, ​offsetting a modest uptick in investment demand, according to Reuters.  Indians celebrated Akshaya Tritiya, the ‌second-biggest gold-buying festival after Dhanteras, when purchasing precious metals is considered auspicious. Only this time near record gold prices - the precio...

By Tyler Durden