GJ Town India

  Demand largely driven by investment & wedding related purchases!   Sachin Jain, Regional CEO, India, World Gold Council said, “Buying gold is considered auspicious during Dhanteras, Diwali. From gold jewellery to gold bars, gold coins consumers plan at least a token purchase as a matter of tradition as gold buying is generally believed to herald good fortune, wealth and prosperity and that is visible in the sharp rise in gold buying historically witnessed on this day.   Despite gold prices touching record highs of Rs 79,000/10 grams, anecdotal feedback from Industry indicates a resurgence in gold buying due to various ongoing festivals, with demand largely driven by investment sentiment and wedding related purchases.  The retailers have also invested on new designs and innovative usage of technology to make daily wear, lighter jewellery considering heightened gold prices, to invite consumers to come into the stores. There is also an expectation of incre...

Resilient physical gold demand played a major role in rally   At the juncture of festive season, Colin Shah, MD, Kama Jewelry share Gold Outlook for the remainder of 2024! He said, Gold witnessed a decent rally since the beginning of this calendar year. The price of yellow metal witnessed an upside in the domestic market especially after the outbreak of the geo-political tensions in the Middle East, triggering volatility in prices around the mid-year.    However, the prices saw some correction soon after the announcement of the customs duty cut in the union budget wherein the prices saw a drop of ~5% and the momentum soon gathered pace after this upside where prices hovered near a new all-time high range.     The factors that played a major role in this rally is strong official sector buying coupled with resilient physical demand which provided structural support that lifted gold’s trading range and also has the potential to continue till the rest o...

The demand will be driven by the Tritiya, mother’s day & weddings too!   By estimating the Akshay Tritiya 2022, leading players have expressed their outlook. In the row, Manju Kothari, Creative Director, Entice by KGK-Since 1905 said, "Jewellery demand rises during Akshay Tritiya and we expect double growth this time.   This Akshay Tritiya, the sale expectations of Diamond Jewellery will be good despite rise in gold. Compared to last year, there is a positive sentiment in the market. Usually, we see buying demand ahead of this auspicious day and on that particular day too. And, we have strategically launched an all-new Harmony collection this season inspired by the blend of purity and strength of Nature.     This timeless collection is inspired by the magnificent world of nature, fantasy and magic which is beautifully crafted in 18kt Gold.  Woven with purity, class & sophistication, the "harmony Collection by ENTICE by KGK is a miraculous creation...