Tag: Gold

FILE PHOTO: A saleswoman displays a gold necklace to a customer inside a jewellery showroom in Mumbai, India April 18, 2018. REUTERS/Francis Mascarenhas/File Photo

Indians scale back purchases as gold prices rally before Diwali

Bengaluru/ Mumbai, November 7 (Reuters) - Gold buying in India lost steam this week as prices scaled a 2-1/2 month peak ahead of major festivals, while discounts in top-consumer China dropped on a surging yuan. Indians celebrate the Diwali and Dhanteras festivals next week. “Retail demand has started falling due to the price rise. Even jewellers have cut down purchases,” ...

© Sanket WANKHADE Shankar Kurhade wearing his gold face mask

Indian man wears gold face mask to ward off coronavirus

July 6 (AFP) - An Indian man said he paid about $4,000 for a bespoke gold face mask to protect him from the coronavirus raging in the country. The precious metal covering weighs 60 grams (two ounces) and took craftsmen eight days to make, said businessman Shankar Kurhade, from the western city of Pune. "It is a thin mask and ...

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