Reported about 8 hours ago
The world's largest jewelry market is significantly increasing its gold investments through options on gold futures, driven by record gold prices and a shift from oil options. In February, India saw daily turnover of gold options reach 605 billion rupees, marking 26% of the total options volume on its commodities exchange. Traders are moving towards gold as a safer asset amid economic uncertainties, with India's demand for gold jewelry remaining robust despite global declines.
Source: YAHOO