Askhaya Trithiya News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Brief drop and then.
During a brief period in March, gold prices had dropped to $1,687 an ounce levels – and under Dh195 a gram in Dubai – and which led to improved buying patterns. “The mood is subdued – whatever they are hearing from India about COVID-19 deaths and oxygen shortages is being reflected in gold buying,” said a jeweler. “The price increase from $1,750-$1,780 levels from last month has only added to the demand drop.”
Other market sources say that buying by Indian expats have dropped off “alarmingly” in the last two weeks. “It’s as if they have taken a collective pause until there’s some good news on the COVID-19 front from India,” said another retailer. “Many have sent additional remittances back to India ahead of any lockdowns, and that’s also going to affect Akshaya Trithiya buying.” ....

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