Volatile Gold Prices Hit Small, Standalone Jewellers, Says WGC
The report states that gold jewellery volumes are lower year-on-year (YoY), despite the wedding season, as higher prices and affordability weigh on consumption
The report states that gold jewellery volumes are lower year-on-year (YoY), despite the wedding season, as higher prices and affordability weigh on consumption
The council noted that global gold-backed exchange-traded funds (ETFs) witnessed a broad-based revival, with investors from across the world adding significantly to their holdings
India’s gold demand is anticipated to be low in the first quarter of 2024 owing to reduced jewellery sales, but yearly demand is expected to climb as customers adjust to higher costs, according to the World Gold Council (WGC) on Wednesday. Higher purchases in the world’s second-largest gold consumer may sustain prices, which are nearing […]