Gold Demand news and trends

In India, Cash Crunch Dims Gold’s Luster

January 17, 2017
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In India, Cash Crunch Dims Gold’s Luster

January 17, 2017
The cash crunch in India is having a direct impact on many sectors, prevalent among them jewelry retailers. As Bloomberg noted, “sales are plunging.” The backdrop is well-known. Many industries, including the jewelry industry, rely on cash for transactions. Many retailers, reported the newswire, are not able to process credit card transactions. And in November, […]