Gold outlook: record price highs causing struggles for India, China

Gold price record highs causing pain in India Gold prices are up for a fifth consecutive day, something that is personally felt in India where people buy a lot of gold for weddings and other big social events, as the Indian rupee drops to record lows against the US dollar. As a consequence, India's gold imports are set to plunge by more than 90% in March from February, marking the lowest level since the covid-19 pandemic. India is the world's …