India’s Biggest Jewelers Have a Diwali Plan for Gold: Buy Less of It

Crypto Insight Summary: India, the world’s second-largest gold consumer, usually does most of its buying between October and December. This year, its largest jewelers are holding back, waiting for cheaper gold. Gold traded at $4,044.65 on Wednesday, down 3.26% from a month earlier, according to Trading Economics. India and China together account for about half of global gold Crypto Insight Analysis: Direction: Bearish Gold Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: India's reduced gold buying during peak season may pressure prices.