There Was So Much Demand For Physical Gold In India This Past Week, Retailers Struggled To Keep Up

Amid the gold crash, retail purchasers of gold are still buying heavily.

From Reuters:

A customer looks at bangles before purchasing them at a gold showroom in the southern Indian city of Kochi April 19, 2013. Gold rebounded above $1,400 an ounce on Friday as strong buying of coins and bars continued, primarily in Asia, but prices were still on course for a fourth week of losses after a brutal sell-off. Gold retailers struggled to cope this week as parents buying dowries, casual shoppers and tourists snapped up bars, coins, nuggets and jewellery as a slump in the price of the yellow metal released years of pent-up retail demand.

gold india

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.