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A further weakening of the macro-economic environment, or stubborn inflation, could hurt demand for gold jewellery.

Ad daw ahAjay gandhiGolden harvestSecurities ltdKalyan jewellers ltdView full imageKalyan jewellersFestive seasonTitan co ltdJewellery segmentPre quarterly numbersDiscretionary demandJewellery business revenueSeptember quarterJune quarterMarch quarter