A woman tries a gold earring at a jewellery showroom in Mumbai, India on October 28, 2016.
Danish Siddiqui | Reuters
Recovery in India’s gold market remains uncertain in the second half of the year, dampened by factors including record high prices for the metal, the World Gold Council told CNBC.
India is one of the largest markets for gold. The precious metal plays an important role in India’s culture — it’s considered auspicious to buy gold during festive occasions or to give it as a gift at weddings. It is also seen as a symbol of affluence and a safe investment.
Demand for gold typically increases in the second half of the year, when important festivals are held including Diwali…