Gold prices soar in Kolkata s Zaveri Bazaar, impacting sales. Jewellers hopeful for a recovery during Akshay Tritiya. Mumbai sees 70% demand slump, while investment in bars rises. Analysts predict further price hikes due to global factors.
The drop in consumption of plain gold jewellery has impacted the manufacturers of plain gold jewellery from Tamil Nadu, Kolkata and Delhi. Coimbatore Jewellery Manufacturers’ Association president B. Muthu Venkatraman said that the orders for plain gold jewellery have trickled down post the surge in gold prices.
The drop in consumption of plain gold jewellery has impacted the manufacturers of plain gold jewellery from Tamil Nadu, Kolkata and Delhi. Coimbatore Jewellery Manufacturers Association president B. Muthu Venkatraman said that the orders for plain gold jewellery have trickled down post the surge in gold prices.
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