Gold's Plunge Is Happy News for India's Brides and Economists

Gold adornments light up a Gujarati wedding in India Photograph by Education Images/UIG via Getty Images

The stunning fall in gold prices couldn’t come at a better time for Indian consumers. It’s wedding season in India, the world’s biggest buyer of gold, and this is a traditional time for people to give gold to brides or to wedding guests. Moreover, next month is the Akshaya Tritiya festival, a time for Hindus to buy gold and other precious metals.

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