RECORD GOLD PRICES IN INDIA FAIL TO UNLOCK SCRAP SUPPLY
https://media.zenfs.com/en/reuters.com/8c29b7e584e3de210fdf6c250a5b1aa4
✍️ Gold prices in India have been rising sharply, leading to a scarcity of scrap gold supplies as investors hold onto their assets, expecting prices to continue climbing.
👉 Gold prices in India have risen 42% year-to-date and 21% last year. 👉 Scrap supplies are scarce due to investors holding onto their assets, expecting prices to continue climbing. 👉 Refiners are sourcing scrap from replaced jewellery to sustain operations. 👉 Banks are benefiting from the limited supply ahead of the festive season.
-- #RajendraJadhav #BrijeshPatel #JamesJose #HarshadAjmera #AmitModak #LeroyLeo #India #NewDelhi #Kolkata #Pune #Mumbai #business
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