While high-end jewellery shops in Mumbai's Zaveri bazaar are scratching for customers after a jump in local gold prices, Jitendra Jain, a scrap gold buyer in India's biggest bullion market, is doing brisk business.
Gold on Friday clung to sharp overnight gains that pushed the metal to a one-year high, and looked set to post its best week in over four years as stock market turmoil stoked safe haven demand.