India’s Biggest Jewelers Have a Diwali Plan for Gold: Buy Less of It

India, the world’s second-largest gold consumer, usually does most of its buying between October and December. This year, its largest jewelers are holding back, waiting for cheaper gold. Gold traded at $4,044.65 on Wednesday, down 3.26% from a month earlier, according to Trading Economics. India and China together account for about half of global gold