Bling no longer king in India as gold loses its shine


In this photograph taken on July 31, 2020, a guard stands behind an iron gate beside a gold jewellery shop in Mumbai. As gold's value skyrockets, jewellers in India, traditionally one of the world's hottest markets, are struggling -- with shops shut, sales down and craftsmen staying home due to coronavirus fears. - AFP

MUMBAI, Aug 16 (AFP): Jewellers in the traditionally lucrative Indian gold market are struggling -- even while the metal's value skyrockets -- as coronavirus fears keep sales down, craftsmen at home and shops shuttered.

Months after India lifted its strict lockdown, the country's biggest gold market Zaveri Bazaar remains desolate, with most stores closed and no customers in sight.

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