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India gold demand tapers off after festival spike

India gold demand tapers off after festival spike
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Gold discounts in India widened this week as physical demand cooled because of high prices after a busy festival week while activity in other Asian hubs was largely steady.

India celebrated Diwali and Dhanteras last week, some of the busiest gold-buying days in the country, when demand peaks because gold is considered auspicious.

Read more:
https://www.indiatoday.in/india/story/india-gold-demand-tapers-off-after-festival-spike-1614983-2019-11-02

SOURCE: INDIA TODAY

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