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Gold spike dims demand, futures trade at discount
Hindustan Times Noida
|April 15, 2025
Hobbled by surging prices in the past week, Indian gold jewellery buyers have tightened their purse-strings in the hope that prices will ease in the coming weeks ahead of auspicious gold buying occasions.
MUMBAI:
This has come at a time of unbridled volatility in global financial markets, with questions being raised over the dollar's pre-eminence as a safe-haven asset.
The drop in demand, estimated at 40-50% across industry by certain quarters, was brought on by the prices of the yellow metal shooting up more than 6% last week and 30% in the past year, according to data from Bloomberg. To be sure, jewellery companies are hopeful that the demand drop will be offset by the rise in prices.
This story is from the April 15, 2025 edition of Hindustan Times Noida.
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