The plunge in gold to an almost three-year low has failed to lure shoppers in India, the world’s largest consumer, as state curbs and a decline in the rupee to a record bolster the costs of imported metal. A woman looks at a display of gold jewellery at a shop in Mumbai. — AP Inbound shipments may tumble 52 per cent to 150 metric tonnes in the three months starting July 1 from a quarter earlier as buyers keep away from stores, Bachhraj Bamalwa, a director at the All India Gems & Jewellery Trade Federation, said in an interview on Thursday. Prices in India have fallen 15 per cent this quarter, less than the 25 per cent drop in London after the rupee lost 8.5 per cent against the...
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