Trying to tap the falling gold prices, lakhs of jewellers across the country are increasing their inventory levels. Around 225 tonne of gold was imported in India in the last two months ahead of the Diwali festival and the marriage season. Almost a fourth of that has been used to replenish dwindling stocks. In the past few weeks, gold prices fell to Rs 26,000 per 10 gram in India and $1140 in the international market. Today, gold is trading around $1190-1200 per ounce. With the official imports going up, smuggling is estimated to have moderated. An industry official said that in the past one year, especially after the 80:20 rule […]
With gold prices falling, jewellers increase inventory levels Reported by IndiaVision 13 hours ago.
With gold prices falling, jewellers increase inventory levels Reported by IndiaVision 13 hours ago.
