Indians may be falling out of love with gold
A weak rupee, a high gold price and changing fashions all play a part
P.N. GADGIL & SONS, a jewellery shop in Thane, a suburb of Mumbai, is gearing up for the wedding season—a busy time for gold sales, even if demand is brisker still during Hindu festivals, when jewellers stay open almost round the clock. Free samosas and Pepsi are offered to those queuing outside; inside, the noise and bustle are non-stop.
This article appeared in the Finance & economics section of the print edition under the headline “Lacklustre”
Finance & economics March 16th 2019
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- How to be a rock-star bond investor
- Euro-zone fiscal policy is easing for the first time in a decade
- Wells Fargo takes a pasting, from Congress and a regulator
- Indians may be falling out of love with gold
- The struggle to restore Turkey’s stricken economy
- Is modern monetary theory nutty or essential?
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