Gold scarcity takes shine off Deepavali


A woman eyes gold jewellery at Senco gold jewellery shop in Calcutta, eastern India, Aug 30, 2013. Battling a huge trade deficit and a weak currency, the government has taken various steps this year to make it harder and more expensive for Indians to get hold of gold - EPA Photo.

MUMBAI: In India's biggest bullion market, Mumbai's Zaveri Bazaar, gold dealers are busy – not filling orders for customers, but busy avoiding phone calls because they don't have any gold to sell.

Battling a huge trade deficit and a weak currency, the government has taken various steps this year to make it harder and more expensive for Indians to get hold of gold, the biggest item on the country's import bill after oil.

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gold , India , festival , scarcity

   

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