Tag: Gold Rush

India’s gold imports surge on pent-up demand

INDIA (Reuters) — A gold rush in India. Jewellers across the country seeing a massive surge in people wanting to spend big on the country’s favourite precious metal, despite New Delhi’s recent shock cash crunch. Imports surged 82 percent in February, compared to the same time last year. That translates to 50 tonnes of gold. Reuters Euan Rocha explains what’s leading the turnaround. “Big factors in the Indian market without a doubt is wedding season. […]