Representative Image With a growing consumer confidence and festive season in full swing, lifestyle and clothing brands in India are witnessing a strong consumer demand and positive sentiments, after a slower first half of the year. According to industry experts, the season promises a significant sales growth, as the focus shifts toward festive wear, wedding…
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: Gold touched a new high of ₹78,300 per 10 gm on Wednesday due to safe-haven buying amid escalating tensions in the Middle East, and lower US bond yields. Market participants are expecting the yellow metal to rise further if global geopolitical uncertainties worsen. Prices rose by ₹1,500 per 10 gm compared to…
Indian gold demand looks set for a strong few months as a cut to the import tax and what’s likely to be a buoyant festival and wedding season drive purchases in the world’s second-biggest consumer of the precious metal. Imports more than tripled to 140 tons in August from the previous month, according to the…
The customs duty cut in the budget has sparked a gold rush at jewellery stores as consumers hurry to stock up on the yellow metal ahead of a busy wedding season. Some are also worried that a surge in demand could prompt a rollback, jewellers said. Customers in the world’s second-largest bullion market have begun…
The biggest wedding of the year may be over, but retailers including Shoppers Stop, Reliance Retail, Lifestyle and VMart bet on a flurry of nuptial celebrations in the second half of this fiscal to reverse their tepid sales growth and boost demand. There will be about 47 auspicious wedding dates in the second half, three…
REPRESENTATIVE IMAGE ONLY Families that flock to textile showrooms to purchase Kancheepuram silk saris for weddings are feeling the heat as renowned saris have become more expensive. Prices of gold have been soaring, straining the budgets of those looking to get married even further. Over the past eight months, the price of Kancheepuram silk saris…
Representative Image Mumbai | New Delhi: From safa and mala to jooti and brooch, the quintessential Indian wedding is now incomplete without a touch of royalty for the bridegroom and even his immediate family and friends, making such accessories make-or-break accompaniments for wedding collection brands. “While it (accessories) accounts for just 7-8% of the wedding…
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…
Sanjay Banka, CFO Senco Gold Sanjay Banka, CFO, Senco Gold, says “the next two quarters will not be better than the first half. If we look at the past trends, the major sales happen up to Dhanteras. We have already seen around 26-27% year-on-year growth till today. The next quarters are likely to take the…
