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The Economic Times
The Economic Times
Business
Rakshanda Sharma

India’s hidden gold chest is giving imported bullion a run for its money

Indians are finding ways to keep their age-old appetite for gold alive this festive season. With prices of their favourite metal swinging wilder than a Netflix thriller, some buyers are choosing to wait and watch, while others are digging into the yellow metal lying in bank lockers and tucked away in jewellery boxes.

While the festive season typically sees Indians increase their gold purchases, the growing use of old gold exchanges could be good news for policymakers looking to curb imports of the yellow metal.

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