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Surge in gold and silver demand strains local wholesalers amid price rally
Gold and silver wholesalers are struggling to meet rising demand as investors flock to precious metals amid price gains and economic uncertainty.
Local precious metal wholesalers are facing heavy demand for gold and silver as prices climb and investors seek safe haven assets. Dealers report increased customer inquiries, tight inventory levels, and longer fulfillment times. The rush is being driven by economic uncertainty, inflation concerns, and strong retail interest. Market participants say sustained buying pressure could keep supplies stretched in the near term.