Bars and coins steal the shine from jewelry as Indians splurge up to $11 billion on gold this Diwali
This Diwali, the narrow lanes of Mumbai’s historic Zaveri Bazaar were even more crowded than usual, as shoppers flocked to buy gold on the festival’s first day. Interestingly, most buyers were seeking gold coins and bars rather than traditional jewelry, according to Mahavir Kothari, a wholesaler in the market. Industry bodies such as the India…
