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The benchmark price for gold slipped below $1,700 an ounce in New York at the end of March, a nine-month low and a 3% drop from the beginning of the year.   © Reuters
Market Spotlight

India's appetite for gold dulled by COVID lockdown

After missed opportunity, jewelers hope for November wedding boost

RURIKA IMAHASHI, KIRAN SHARMA and CK TAN, Nikkei staff writers | India

TOKYO/NEW DELHI/SHANGHAI -- India's gold retailers who had put all their hopes on the annual festival season last month have been disappointed by sluggish sales after most parts of the country were locked down to fight an explosion of COVID infections.

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