High gold price hits demand in India

INDIA - India, the world's largest consumer of gold, has cut imports of the precious metal by nearly half because of the sharp rise in global prices in recent months.

The yellow metal is associated with just about every social event from marriage, engagement and child births to birthdays in the country. But with gold prices running at a five-year high, demand has taken a hit. "Business is a little bit slow right now, maybe because prices are a bit higher," said Deepak Jhaveri, a jewellery reta

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: