India jewelers hold off gold buying, betting prices will drop
While Chinese households pounce on cheaper bullion, the subcontinent’s biggest retailers are waiting for a deeper slide as peak season gets underway.
An employee holds gold necklaces at the Umedmal Tilokchand Zaveri jewelry store at Zaveri Bazaar prior to the festival of Dhanteras in Mumbai, India, on October 17, 2025. Image: Bloomberg News
An employee holds gold necklaces at the Umedmal Tilokchand Zaveri jewelry store at Zaveri Bazaar prior to the festival of Dhanteras in Mumbai, India, on October 17, 2025. Image: Bloomberg News
