BusinessOdisha

In Rural India Now people are selling gold to survive

 

Newdelhi – The CORONA epidemic has shaken the financial backbone of the weaker sections of society. The last hope of these families, who have lost their livelihoods and become unemployed . They make a living by selling the gold they have. This problem is very complicated in rural India.

 

Gold is the only way to raise money for people in non-bank areas. Otherwise they will have to borrow a large sum of money from the moneylenders. People are more likely to sell gold without falling into such problems. Scrap gold supplies have risen as locals sell gold. Shopkeepers who buy old gold melt it and supply it to make gold jewelry. This time, the supply of scrap gold is estimated to be more than 215 tons.

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