India's Deepavali gold buyers opt for lighter jewellery, exchange old pieces amid high prices
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Gold buyers in India are changing their habits for Deepavali. High prices are limiting the amount people buy. Some customers are choosing lighter jewelry. Others are exchanging old pieces for new ones. Jewellers hope the festive season will increase overall demand.
Gold prices have eased from their January peak, but remain high enough to constrain purchases. Jewellers in India are hoping the festive season will provide a boost to demand.