Gold demand remains weak despite sharp price correction, says IBJA’s Surendra Mehta

Despite remaining bullish on gold and silver over the long term, India Bullion & Jewellers Association (IBJA) Secretary Surendra Mehta says a stronger US dollar and weak investment sentiment are weighing on precious metals. He also warns that silver import restrictions could tighten domestic supplies, even as buyers wait for lower prices before returning to the market.

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