India’s festive gold buying spree continues, defying record price
MUMBAI, Oct 29 (Reuters) – Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday, hoping bullion would continue to rally and deliver promising returns amid a cooling stock market, industry officials told Reuters. Robust demand in the world’s second-biggest gold consumer could further support global prices , which hit record highs last week. Rising demand for imports of gold could also widen India’s trade deficit and put pressure on the rupee . “People are still into gold big time, even with prices at record highs during Dhanteras. With