Gold Buyers Throng Indian Stores for Second Week on Rally

Gold Buyers Throng Indian Stores for Second Week on Rally

Dhiraj Singh/Bloomberg

The rush to buy has led to a shortage in India and jewelers are paying premium of as much as $10 an ounce compared with $2 just 10 days earlier, said Bipin Jain, owner of Vimalson Jewellers and a vice president of the bullion association.