India Jewelers Hold Off Gold Buying, Betting Prices Will Drop

Indian jewelers are holding back gold purchases ahead of their busiest demand season, betting that a recent drop in prices has further to run, according to the country’s biggest precious...

By Preeti Soni · Bloomberg Markets

Indian jewelers are holding back gold purchases ahead of their busiest demand season, betting that a recent drop in prices has further to run, according to the country’s biggest precious metals refiner.