Srinagar, Aug. 17 -- Gold no longer glitters in Kashmir this wedding season!
Dealers are reporting an 80% drop in gold jewelry demand despite thepeak wedding season.
According to the All Kashmir Gold Dealers and Workers Association, the slowdown, which began in recent years, has shown no signs of recovery. "Even though the marriage season has begun, we rarely get customers. Nearly 80% of our trade is affected," said Bashir Ahmad Rather, the association's president.
He said following the slump in the gold trade, many traders were running in losses. "It has been for the last three years now. The traders fail to recover their losses, and we fear that many will give up this trade due to the continuous losses," he said.
Rather attributed t...
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