However, the overseas trend suggests that gold is being offloaded. Can we see the same trend in India where people sell the gold in bulk?
We feel that this thing may not happen in India till people have exhausted their all means of savings as India is basically a saving country where rich or poor both have their corpus of saving for rainy days.
However, the below report is contrary to our thought process and we only see maybe lower middle class resorting to gold-selling to cater to their daily needs and thus no bulk gold sales will be seen.
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