Friday, 19th November 2004 (4138 views)

Indian consumers are rushing to sell their gold jewellery and coins to make the most of current top gold prices.

According to jewellers in Mumbai around 75 to 100kg of scrap gold are being sold in Mumbai each day.

Traders told the Indian Express: "High prices have prompted many people to sell old jewellery and coins, bought earlier at much lower prices.

"People are lining up outside my shop to sell gold. On an average, 200-300 people are coming every day."

India is the world's largest importer of the precious metal.

 

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