Heavy rush to buy gold as jewelry shops open in India

INDIA WATCH

Mathrubhumi

Map of India colored appropriately - gold“Since the gold price is at its peak and due to the economic crisis caused by the coronavirus pandemic, more people were expected to come to sell the gold. However, it was not the case. More and more people thronged [jewelry shops] to buy gold ornaments…….”

USAGOLD note:  We would suspect that much the same result is rolling out in other emerging Asian countries where gold is an important part of the citizenry’s savings plan.


Repost from 6-1-2020

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