Record-high gold prices to curb festive jewellery buying in India: Report
Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, Reuters reported. Local gold prices, which scaled a record peak of ₹1.13 lakh/10 grams on Thursday, have risen 42% year-to-date, after gaining 21% in 2024. Quarter-ending December typically accounts for a third of India's gold sales.