Gold prices fell and the number of customers at jewelry stores in many parts of India surged.
International gold prices have significantly decreased in the past two weeks. On the 23rd, the prices of gold futures on the New York Commodity Exchange and spot gold in London both fell below $4200 per ounce, wiping out all gains so far this year. In India, as the retail price of gold has fallen, the number of customers in jewelry stores in many places has surged. Data shows that currently, the domestic price of 24K gold in India is around 13,000 rupees per gram, equivalent to about 960 yuan. Industry insiders point out that in recent days, crowded scenes have once again appeared in jewelry stores in many places in India.
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