Coronavirus, Hurting Jobs and Loans, Has Indians Selling the Family Gold

NEW DELHI—Investors throughout the world are hoarding gold in the Covid-19 pandemic. In generally gold-obsessed India, there’s a glut, as having difficulties families quit getting and begin hocking jewelry.

Global buyers have lifted the cost of gold to all-time highs this 12 months, trying to get their hands on much more gold coins, bars and trade-traded resources. Several are searching for shelter in the commodity from the storm of coronavirus and geopolitical issues, these kinds of as the U.S.-China romantic relationship to November’s U.S. presidential election.

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