India: Trading Slow

By Rapaport News / May 02, 2019 / www.diamonds.net / Article Link

Reduced trading due to shorter Labor Day week andongoing general elections. Volatile rupee making traders cautious. Feweroverseas buyers in Mumbai due to recent Passover and Easter holidays.Manufacturers cutting production instead of diamonds. Liquidity tight, inventoryinflated. Jewelers preparing for May 7 Akshaya Tritiya Hindu festival, apopular time to buy gold.
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