Mumbai, Oct. 29 Demand for gold coins ahead of Diwali is sluggish as wild swings in prices are prompting buyers to put off their purchase decisions, say bankers.
“This year we have seen one of the worst demand swings due to price volatility that is not common,” said Mr Anshuman Sharma, Head – Precious Metals at Axis Bank. “One day the price is Rs 9,800 per 10 gm, the next day it is Rs 10,100 per 10 gm. A purchaser cannot make a decision amidst such volatility,” he added. ...
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