Gold jewellery segment registers strong sales on Dhanteras
As per media reports, Dhanteras witnessed strong sales of gold, jewellery and coins this year. Industry participants expect the sales performance of the two-day Dhanteras festival to be higher by 35% this year over last year.
Though the price of gold is higher ( by ~6%) than last year, consumers have ventured for shopping and demand for gold jewellery has been buoyant during the Dhanteras period, which is considered auspicious period for gold purchases. The strong sales growth trend for gold jewellery augurs well for the gold jewellery segment and is positive for Titan Company in our coverage universe.
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