Indian families scale back on gold for weddings as prices hover near highs
Commodities
From lighter jewelry to postponed nuptials, consumers adapt to soaring costs
A customer holds a gold necklace inside a jewelry store in New Delhi on May 11. Gold has been central to Indian weddings and festivals for generations as it symbolizes wealth, status and financial security. © Reuters
NEW DELHI — When Fajar’s family members began planning two weddings this year — one for her sister in August as well as her own a few months later — they were unexpectedly forced to postpone one of them. The reason was the rising price of gold.
