Gold prices plummet, triggering surge in old jewellery sales

Gold prices plummet, triggering surge in old jewellery sales — Gold prices have crashed recently, prompting Indian households to sell old gold jewellery for cash. Analysts suggest this reflects rising liquidity needs and shifting sentiment amid falling prices. Gold futures dropped to ₹67,500/10g, down 12% from recent highs. Market participants note increased buying by refineries and traders amid the sell-off.

📊 STOCKS: | 🏢 SECTOR: Commodities | #MEDIUMIMPACT #Gold