INDIA WATCH
The Asian Age/Sangeetha G
“Post-festive season, the bullion dealers and jewellers found an opportunity to replenish their stocks when the prices fell by around Rs 200 per gm from record high levels in the domestic market. Further, the last quarter of the calendar year usually sees a higher consumption. ‘Higher import in November makes sense as the prices have stabilised and the market expects the demand to return in the fourth quarter,’ an industry expert said.”
USAGOLD note: India likes to buy the dips.
Repost from 12-5-2019
