Rising gold prices will affect sales
The demand for gold jewellery was good last month when prices fell, but now we are witnessing a slowdown as prices are up again. The demand for gold jewellery is expected to rise as the wedding season and festive time is ahead. However, if the price rise persists then the consumers would further restrict their purchases as gold is a luxury product.
Vummidi Jithendra
Director, Vummidi Bangaru Jewellers
Chennai
Global markets
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