From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.Gold prices stabilise after 27% correction; is another big bull run ahead?
What's behind this
Jewellers anticipate that a fall in gold prices will boost sales of Dhantera jewellery, with coins and bars expected to lead the market as investors and gift‑givers show interest, according to stakeholders. The decline in gold prices comes as the Indian wedding season starts, offering buyers a chance to purchase jewellery. As of October 21, 24‑karat gold was priced at Rs 1,46,270 per 10 grams and 22‑karat gold at Rs 1,34,081 for the same weight, according to a bullion website.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
-
center · 1 outlet
India's organised gold jewellery retailers are expected to see a slower decline in sales volumes this fiscal, with revenue projected to grow 21-23 per cent despite elevated gold prices, while their credit profiles are likely to remain resilient on the back of healthy cash flows and controlled…
-
right · 2 outlets
Gold prices surged over 2% on Wednesday, with a weaker US dollar and lower Treasury yields supporting the rally after Democrats made gains in the US midterm elections. In India, 24-karat gold rose 2.26% to ₹14,280 per gram.
