From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.Jewellers report brisk Dhanteras sales as gold price drop lures buyers; volumes seen flat
What's behind this
During Dhanteras, gold sales showed contrasting trends. Showrooms in Hyderabad reported thinner footfall and smaller purchases, with managers saying footfall fell short of last year and budgets were stretched. At the same time, another report noted a revival in buying activity as customers returned after months of subdued demand, helped by a recent price correction and the festive occasion. Nationally, jewellers expect overall volumes to rise about 15‑20 % over the previous year.
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Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).
RSS excerpt
Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).
