Gold prices have surged ahead of expectations, but a sharp correction could be on the horizon. Kunal Shah, Head of Commodities & Currency Research at Nirmal Bang, expects gold to drop by $100-$250 per ounce, potentially falling to $2,850-$2,800 per ounce levels. He advises investors to book profits and even hedge positions by shorting gold. […]
Silver prices may rally to ₹110,000 per kg if current levels hold: Anmol Jewellers MD – CNBC TV18
Silver prices could climb higher if they hold at current levels, according to Kishor Runwal, MD of Anmol Jewellers. If silver remains above ₹103,000 per kilogram for a few more days, another rally could push prices to ₹108,000-₹110,000 per kg. Runwal noted that silver prices are being driven by global economic policies, interest rate trends, […]
Explained : Why is there a rise in jewellery shopping in India? – CNBC TV18
India’s jewellery market has reached an impressive ₹6.7 lakh crore, supported by approximately 500,000 jewellers and goldsmiths across the country. A big change has taken place in this sector: organised retail jewellers now account for 35% to 38% of the market, up from just 5% in 2005. Gold consumption in India remains predominantly in the […]
Gold prices surge, but India’s love for jewellery shines through the festive season – CNBC TV18
India’s long-standing love affair with gold jewellery continues to flourish, even as global and domestic gold prices hit record highs. Despite concerns over rising costs, especially during the critical festive and wedding season, jewellery brands are finding innovative ways to ensure demand remains strong. For many, this period accounts for a substantial portion of their […]
Joyalukkas defers public listing, prioritises organic expansion and strong balance sheet – CNBC TV18
Jewellery retail chain Joyalukkas has deferred its plans to go public by another two to three years, redirecting its efforts towards organic growth. The Kerala-based company, known for its extensive network of jewellery stores across India, initially planned to issue a public offer in 2018 but was forced to abandon these plans due to unfavourable […]