People rush into India's jewellers to buy gold as lockdown ends

Section:

From Mathrubhumi
Kozhikode, Kerala, India
Thursday, May 21, 2020

KOCHI, India -- With the easing of lockdown, jewelleries were allowed to function in the state. As the shops opened after two months, a heavy rush was experienced everywhere.

Since the gold price is at its peak and due to the economic crisis caused by the coronavirus pandemic, more people were expected to come to sell the gold. However, that was not the case. More and more people thronged jewellers to buy gold ornaments.

... Dispatch continues below ...



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The expectation that gold price may go up again has drawn people to jewelleries amid the lockdown, opined Kalyan Jewellers Managing Director TS Kalyanaraman. He added that wedding purchases are also high these days. ...

... For the remainder of the report:

https://english.mathrubhumi.com/money/money-news/heavy-rush-in-jewelleri...

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