Representative image Kolkata: A week before Dhanteras, the price of 24K gold in Kolkata crossed Rs 81,000 for 10 gm, raising speculations among buyers and jewellers in the city. In the past six days, the price of 24K gold in Kolkata has increased by almost Rs 4,000 per 10 gm. Gold prices have consistently been…
Hallmarked gold coins and bars of 22K and 24K are getting a boost from India’s thriving ecommerce industry, with sales surging 35-80% in the last financial year. To be sure, the sales spurt across online marketplaces such as Amazon, Flipkart, Ajio and Tata Cliq is on a low base, but it marks a shift in…
Representative image KOLKATA: The wedding season currently underway and the festive season late last year have combined to push up demand for gold in Kolkata by almost 20%. According to associations of jewellers and individual brands, the surge this season has been the best, not only after the pandemic but also in the last one…
Representative Image Kolkata: Sales of lab-grown diamonds (LGDs) more than doubled during the Dhanteras-Diwali period last week, with LGD engagement rings emerging as the most popular category, said industry executives. Digital gold also found favour among festive season shoppers, seeing up to 60% year-on-year increase in sales, they said. “Our sales saw a huge increase…
Representative image New Delhi: Jewellery retailers reported modest YoY growth in sales during Dhanteras, which is the most promising and in-demand period of the year. The slowdown comes due to inflation, fluctuating gold prices, and unseasonal rains on the day of Dhanteras. Pre-Dhanteras, jewellers shared a cautiously optimistic sentiment for the festive sales. Last year,…
NEW DELHI: Gold demand in India, the world’s second-largest consumer of the yellow metal, rose 10 per cent to 210.2 tonnes during the third quarter of this calendar year, aided by softening of gold prices and festive demand, according to the World Gold Council (WGC). Speaking to PTI, WGC India Regional CEO Somasundaram PR said…
