Mumbai/Chennai: Gold jewellers and stores across India wear a deserted look adhering to Prime Minister Narendra Modi's suggestion for a strict 21-day isolation. 90 percent of gold jewellers in the country have already shut their shops, paying heed to the PM's first clarion call - the Janta Curfew on 22nd March.
Retail jewellery stores to feel the full brunt of COVID-19. The coronavirus shutdown is laying waste to the high street and will undoubtedly have a severe impact on retail sales in 2020. Analysis on what this might look like can be found on Eikon. #coronavirus #gold #silver #GFMS pic.twitter.com/jRPYWEtQtg— Cam Alexander (@camalexander_70) March 24, 2020
The youth owner of the swanky, sprawling jewellery shop explained how bullish gold price was related to coronavirus and how it could even go up further if another big country got affected. I was no wiser; but asked if Delhi death-toll could impact the price. He didn't know.— Prasanna Mishra (@punarbashu) February 27, 2020
But the move in the risk reversal over the past few days has been brutal as this chart of the 3m 25 delta risky shows.— John Reade (@JReade_WGC) March 25, 2020
I can't remember anything as crazy as this even during '08-'09 pic.twitter.com/9oaYMJSg4T
How will delivery on commodity exchange @MCXIndialtd be effected in the event of complete lock down. Currently gold is trading at Rs. 250000 per kg lower than its actual costing, which is unusual. @SEBI_India Pl. Verify and issue guidelines immediately.— CA Surendra Mehta (@surendramehta65) March 24, 2020
GJEPC has formed a corpus of ₹50 crores for the welfare of the trade and nation. We appeal to the council members, industry associations and trade bodies to step forward and contribute in these unpredented times.#Appeal #StaySafe #StayHome #FightCorona #HelpTheNation pic.twitter.com/xldd4LnFOU— GJEPC India (@GJEPCIndia) March 25, 2020