Gold Demand Up Thanks To Price Correction Ahead Of Dhanteras
The Times of India Hyderabad|November 12, 2020
The fall in gold prices, after pharma giant Pfizer announced its Covid-19 vaccine candidate had shown over 90% effectiveness, seems to have injected a fresh dose of consumer interest in the precious metal in the run-up to Dhanteras.
Swati Bharadwaj
Gold Demand Up Thanks To Price Correction Ahead Of Dhanteras

Hyderabad:

Gold prices, which were reigning at over ₹5,400 per gm (24K), crashed nearly ₹ 200 per gm earlier this week and were being quoted at about 5,240 per gm (24k) on Wednesday.

“We have seen a 15%-20% increase in Dhanteras prebookings on Tuesday and Wednesday. The price drop has strengthened the Dhanteras buying sentiment,” said Darshan Gupta, partner, Mangatrai Jewellers.

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