STRONG GOLD JEWELLERY SALES IN FESTIVE SEASON TO AID REVENUE GROWTH OF RETAILERS
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As per media reports, gold jewellery sales have shot up by 30% this Dussehra compared to last year, setting the tone for better sales in the upcoming Diwali and Dhanteras period.
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Prices of 22 karat gold have fallen below Rs 50,000 per 10 gm and were hovering around Rs 49,000 per 10 gm. Fall in gold prices coupled with a disruption free festive season are expected to boost jewellery sales. There has been a lot of pent-up demand in the market and consumers are spending on the precious metal, which augurs well for jewellery retailers like Titan Company in our coverage universe.
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