Festive hopes fade for India's gold industry after surge in price

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Many jewellers are taking delivery of only half of their bookings," Jain said.

A Kolkata-based jewellery manufacturer, who asked not to be named, said jewellers were avoiding stocking heavy, more expensive, jewellery that was less in demand.

Dealers have also reduced the premium they are charging compared with following the duty cut to try to spur demand.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: Gold prices Gold prices Indian gold demand Gold industry Gold

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 14:56:43 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 546 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22967148

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