Diwali Gold Sales May Be Same as Last Year’s

Gold Silver Reports (GSR) – Gold sales this festival season are expected to be at last year’s level or if not more, as industry executives said demand for light-weight jewellery and safehaven buying would help offset the impact of rising international price and weak rupee. Also, in play would be the base effect, as last year’s sales were hit by GST-related issues, they said.

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Gold Prices Slip Further But Still Near 6-Year High

New Delhi: Falling for the second straight day, gold prices on Saturday edged lower by Rs 40 to Rs 32,550 per 10 grams at the bullion market amid tepid demand from local jewellers and a weak trend overseas. But gold prices still remained near six-year high levels.

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