Indian Jewelers Delay Gold Purchases Ahead of Peak Demand Season

• Indian jewelers are holding off on gold purchases ahead of their busiest demand season.
• They are betting that a recent drop in prices has further to run.
• Large jewelry chains have yet to fully return to the market.
• The information is based on the country’s biggest precious metals refiner.
• Samit Guha, CEO and MD of MMTC-PAMP India Pvt., provided the details.