Economic TimesLean R·
India jewellers hold off gold buying
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. Large jewelry chains that typically account for the bulk of sales have yet to fully return to the market, said Samit Guha, chief executive officer and managing director of MMTC-PAMP India Pvt., a joint venture of state-owned MMTC Ltd. and Swiss refinery PAMP SA. Buying has instead been led by sm…
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