Indian gold traders are reporting surprising demand for the precious metal, despite its recent jump in price to a record-breaking high exceeding 26,000 rupees per 10 grams.
Healthy sale volumes are being driven not so much by shoppers preparing for the October-to-December wedding and Hindu festival season, but by a keen class of investors who view the metal as a hedge against currency fluctuations, political instability and the economic uncertainty engulfing global financial markets.
The magic allure of gold
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