MUMBAI/BENGALURU – Gold demand jumped this week in India due to increased retail purchases for a key festival and weddings on price corrections, while premiums in China eased as buying slowed in the world’s top consumer. Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four […]
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]]>Jewellers reported better footfalls on the auspicious day of Akshaya Tritiya Tuesday with many reporting up to 25 percent sales volume over the previous year. Lower retail prices of gold and the marriage season boosted consumer sentiment in spite of the day being a working day, industry sources told PTI. Retail gold prices have been […]
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]]>Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays. Gold demand spiked in India as a fall in prices to the lowest level […]
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]]>Jewellers are expecting an increase of 10% -30% in sales this Akshay Tritiya, which falls on May 7, in comparison to last year. They said that the sales graph is on an uptrend and the consumer buying sentiment has been good since Gudi Padwa. There has been a good demand for small and big-ticket items, […]
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]]>Gold sales in India’s villages might climb this Akshaya Tritiya as targeted farm welfare programmes are expected to help enhance discretionary spending on the precious metal, traditionally the preferred store of value in the hinterland. Analysts believe that financial assistance under the PM Kisan Samman Nidhi programme should leave farmers with some surplus cash, which […]
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