Gold Dealers in India - Riddhi Siddhi Bullions Despite a period of high inflation, which has occasionally but not consistently lifted bullion prices in the past, the yellow metal is on track to post its sixth consecutive month of losses. According to the World Bank, top gold dealers in India are afraid that central banks' simultaneous and aggressive rate hikes to combat global inflation are raising the possibility of a recession and a succession of financial crises in 2023.