Old is still gold in India’s jewellery market
Wedding season hopes
The slowdown in volumes is expected to increasingly affect organised retailers. “The Indian organised gold jewellery retail sector, comprising jewellery, coins and bars, is expected to see sales volume decline a further 13-15% on-year this fiscal, after an 8% contraction last fiscal, due to high prices of gold and recent policy measures to curb imports of the metal,” said analysts at Crisil Ratings in a note on 22 May.
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