Indians are reportedly exchanging their gold jewelry for new pieces despite rising gold prices amid a wedding season-induced demand boom. India Bullion and Jewelers Association national secretary Surendra Mehta says that an increasing number of Indians are choosing to reuse their gold and predicts that high gold prices will continue to pressure imports for the next couple of months.
Mehta notes that while many Indian consumers are buying gold to meet their wedding-related needs, they tend to stay away from the…
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