Representative image Gold prices surged to 39 new all-time highs in dollar terms in 2024 till October, the highest number of record highs in 45 years. In 1979, gold prices had scaled 57 new all-time highs, showed the World Gold Council (WGC) data. In India, gold prices rose to Rs 78,500 per 10 grams from…
For the first time in the history of the Indian jewellery market, silver sales surpassed gold during this Dhanteras season. High gold prices have dampened consumer demand, leading shoppers to turn to silver instead. “Silver sales have shot up 30-35% this year despite prices being 40% higher than last Dhanteras,” Surendra Mehta, national secretary at…
HYDERABAD/MUMBAI: For the first time in the history of the Indian jewellery market, silver glittered more than gold this Dhanteras. As gold prices continued their record-breaking run, it dampened consumer demand. Shoppers instead rushed to buy silver.“Silver sales have shot up 30-35% this year despite prices being 40% higher than last Dhanteras,” Surendra Mehta, national…
Representative image India’s gold demand in 2024 is likely to fall to its lowest in four years as a rally in prices to a record high is seen denting purchases during the peak festival season in the December quarter, the World Gold Council (WGC) said on Wednesday. Gold demand in the world’s second-biggest consumer of…
NEW DELHI: Gold prices surged by Rs 300, reaching Rs 81,400 per 10 grams in the national capital on Tuesday, driven by strong demand from jewellers and retailers ahead of Dhanteras, as reported by the All India Sarafa Association. Silver also climbed, increasing by Rs 200 to Rs 99,700 per kilogram as industrial units and…
Representative image Gold continues to shine despite the record-high prices. The yellow metal prices saw an increase of 24 per cent this year but buying interest is still high amid volatile markets and geopolitical challenges, according to a report by Religare. Buyers however are cautious given the economic backdrop. Gold has long held a special…
Representative image Kolkata: India’s leading jewellers expect gold demand to drop by 15-20% this Diwali-Dhanteras as compared to last year same period as gold price is nearing Rs 81,000 per 10 g mark, forcing many of them to come up with freebies beyond making charges discount in which is usually the peak shopping period. Diwali-Dhanteras…
Representational image Despite gold prices touching record highs of Rs 79,000 per 10 gm, gold demand uptick is expected to continue this Diwali and till the end of the year due to the wedding season, according to the World Gold CouncilSachin Jain, Regional CEO, India, World Gold Council said, “Buying gold is considered auspicious during…
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…
New Delhi: Titan eyecare’s CEO Saumen Bhaumik has been appointed as CaratLane’s new Managing Director. Bhaumik’s appointment comes after last year Titan acquired the remaining stake in CaratLane, valuing the firm at Rs 17,000 crore. Following the deal, CaratLane founder Mithun Sacheti made an exit from the business, selling 27.18 his per cent stake in…
