NEW DELHI: The combined power of Navratri, Dussehra, Dhanteras and Diwali fired up car sales in Oct as retail numbers shot up by 26%, a booster at a time when demand scenario is tough, despite companies doling out hefty discounts.Total retail sales in the month are estimated at between 4.8 lakh and 4.9 lakh units…
Jewellery retailer Senco Gold Ltd is expecting 12 per cent jump in revenue this festive season as compared to the last festive season, Suvankar Sen, MD and CEO, Senco Gold Ltd told ETRetail. As compared to the last festive year, gold prices have jumped almost 18 per cent, so this festive season, it is also…
Representative image New Delhi: Gold and Silver prices are on an upward trajectory backed by firm demand, and the steam seems to remain till the end of this festival season. In the current financial year, gold and silver prices have appreciated by nearly 10 and 24 per cent, respectively. “From Indian perspective, with the customs…
Representive image New Delhi: Ahead of the festive season, a substantial 63 per cent of clothing retailers and manufacturers expect lower sales compared to last year, the Clothing Manufacturing Association of India (CMAI), an industry body, said in a report on Friday. CMAI added that nearly 25 per cent of the surveyed retailers and manufacturers…
NEW DELHI: Despite the food department’s advisory to edible oil industry associations to ensure no increase in prices during the festive season and the subsequent request of the associations to companies, the price of major oils have increased by Rs 8-22 per litre. The department had urged industry to maintain the prices considering that there…
Representative image On Friday, the World Gold Council (WGC) said that the rural purchase of gold this festive season will provide fresh momentum to gold demand in the country. WGC has earlier revised the demand for gold this year to 850 tonnes from 750 tonnes. “Rural consumption demand has been showing signs of improvement and…
Kolkata: Gold came under pressure in India Thursday morning, but reversed the trend in the afternoon after international prices rose by $18 a troy ounce as the market felt the impact of the first interest rate cut by the US Federal Reserve in more than four years. Prices moved up to Rs 73,450 per 10…
Representative image New Delhi: The jewellery market in India is witnessing a shift in buying trends, with a broader range of customers driving demand in the second quarter of 2024. As per Nuvama report, while affluent buyers led purchases in the first quarter, the second quarter has seen a rise in lower-priced jewellery items. Semi-urban…
Indians are splurging on diamonds buoyed by a decline in solitaire prices since last Diwali. This has also raised hopes of robust sales of solitaires in the upcoming festive season, jewellers said. Prices of the most common variety of solitaire diamonds of 1 carat have fallen from a high of Rs 4.2 lakh last Diwali…
Representative Image Gold demand in India during the upcoming festive season is likely to remain robust, as the substantial reduction in import duty has made prices appealing, providing comfort to retail consumers and encouraging purchases, industry officials said. Higher demand in the world’s second-largest gold consumer could support a rally in global prices, which hit…
