{"id":305018,"date":"2025-10-15T09:42:11","date_gmt":"2025-10-15T09:42:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/305018\/"},"modified":"2025-10-15T09:42:11","modified_gmt":"2025-10-15T09:42:11","slug":"price-surge-weighs-on-gold-silver-sales-in-indias-diwali-market","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/305018\/","title":{"rendered":"Price surge weighs on gold, silver sales in India\u2019s Diwali market"},"content":{"rendered":"<p>Record-high gold and silver prices fuelled by US-China friction have dented demand for the precious metal in key consumer market <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/india?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">India<\/a>, in the lead-up to the peak buying period for the Diwali festival.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Gold was trading at US$4,197.5 per troy ounce on Wednesday afternoon, as a spike in US-China trade tensions fuelled investors\u2019 demand for the asset, long seen as a safe-haven investment.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The silver market has been gripped by a lack of liquidity, sparking a worldwide hunt for the metal. Prices hit a record US$53.60 per troy ounce on Tuesday and declined slightly to US$52.43 on Wednesday.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">India and China are two of the world\u2019s largest gold and silver buyers. Indian consumers traditionally consider it auspicious to buy gold and silver during Dhanteras on Saturday and Diwali, which will be celebrated next Monday.<\/p>\n<p><img decoding=\"async\" alt=\"An Indian woman tries on gold ornaments at a jewellery shop in Bengaluru, India, on Monday. Photo: EPA\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/10\/242add12-c0f5-4b49-9980-d0d9be551a52_68304666.jpg\" title=\"An Indian woman tries on gold ornaments at a jewellery shop in Bengaluru, India, on Monday. Photo: EPA\"\/>An Indian woman tries on gold ornaments at a jewellery shop in Bengaluru, India, on Monday. Photo: EPA<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cDemand for buying jewellery has fallen by about 50 per cent this Diwali. People are also hesitating to buy because they think prices could fall,\u201d said T. K. Chandran, managing director of Sree Kumaran Thangamaligai, which has a chain of gold and silver jewellery shops across south India.<\/p>\n","protected":false},"excerpt":{"rendered":"Record-high gold and silver prices fuelled by US-China friction have dented demand for the precious metal in key&hellip;\n","protected":false},"author":3,"featured_media":305019,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[9710,64,74,154665,142805,69,9401,8464,1567,154664,135,15386,154662,5972,67,132,68,154663],"class_list":{"0":"post-305018","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-dhanteras","12":"tag-diwali","13":"tag-donald-trump","14":"tag-gold","15":"tag-hong-kong","16":"tag-india","17":"tag-kolkata","18":"tag-markets","19":"tag-precious-metals","20":"tag-price-surge","21":"tag-silver","22":"tag-united-states","23":"tag-unitedstates","24":"tag-us","25":"tag-us-china-tensions"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115377533756823448","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/305018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=305018"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/305018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/305019"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=305018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=305018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=305018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}