Gold Being Sold Aggressively in India as Prices Near Record

Gold consumers in India, the world’s biggest importer, are “aggressively” selling the metal after prices surged to a record, an industry group said.

“In some areas consumers are selling more than jewelers,” Bachhraj Bamalwa, chairman of the All India Gems & Jewellery Trade Federation, said today in a phone interview. “They are selling aggressively.”