Commodities & currencyEconomic Times
Indians buy 30% more gold after price correction
Neutral0
GreyOak summary
Indian gold purchases rose 30% by volume during the Dhanteras-Diwali period, reaching 52 tonnes worth ₹72,000 crore. This surge followed a price correction from ₹1.8 lakh to ₹1.42 lakh per 10 grams. Silver demand also increased 10%, driven by festive spending and lower prices.
What it affects
- GoldNeutral 0
Prices corrected from peak to encourage buying.Rolling sentiment Neutral -2
