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Akshaya Tritiya sparks gold rush in Gorakhpur, sales soar indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
India Business News: Jewellers in Uttar Pradesh are experiencing high sales of Ram temple coins and Ram Darbar statues made of gold and silver, among other items, ahead of the consecration ceremony at the Ram Mandir. Find out why the demand for these items is hitting a new high. ....
Wedding celebrations in rural and semi-urban areas of India are being affected by persistent inflation. The rising prices of essential items are causing a decline in demand for traditional wedding items like gold jewellery and household appliances. The inflationary pressures are putting a strain on the budgets of households, particularly those with lower to mid-level incomes. Sales of jewellery, household appliances remain flat during wedding season even as people turn to gifting cash in rural, semi-urban markets. ....
This is driven by the fact that daily household inflation is yet to sober down completely impacting consumption amongst masses or people with low-to-mid income levels. Overall consumption in small towns and rural areas is impacted for 6-8 quarters now due to inflation though the rich in these markets are buying, that too premium products. Cash is replacing jewellery and electronic products as wedding gift. ....
India Gears Up For Glittering Dhanteras Shopping This Year businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.