Shoppers snap up gold bangles to bars amid price slump in Asia

Gold in the international market dropped 0.9 per cent to $1,729.60 an ounce on Monday

Gold price’s slump to near a nine-month low is drawing jewelry shoppers in Asia to hunt for bargains.

After a year of demand being in the doldrums, retailers are buying more of the precious metal to cater to people like Seema B, a 35-year-old housewife who ventured to Mumbai’s Zaveri Bazaar to get new bangles after months of putting it off. “The prices have come down a bit and the general worries about the virus have also eased,” she said.

Seema joins others in India and Malaysia who are stocking up for weddings and investment. Retail investors in South Korea are amassing