💨 Abstract

Gold discounts in India reached a 8-month high this week due to record-breaking prices dampening demand. Jewelers have reported a decrease in customer visits. India's gold imports are projected to decrease by 85% in February, reaching a 20-year low. The market is also experiencing a slowdown in China, Japan, and Singapore, with traders citing high prices as the main reason.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖