Gold Jewellery

The organised jewellery retailers are expected to witness 23-25 per cent revenue growth this financial year on pent-up demand and recovery in discretionary spending, according to a report. The revenue of organised gold jewellery retailers -- which had jumped 36 per cent in the last fiscal on a low base of the pandemic-marred FY21 -- will grow 23-25 per cent this fiscal as volume grows on pent-up demand and recovery in discretionary spending, Crisil Ratings said in a report on Thursday. However, the report said that in 2023-24, growth will moderate to 8-12 per cent, given the higher base of this fiscal and slower growth in disposable incomes will weigh on discretionary spending. In this scenario, the operating margin is likely to decline 40-70 basis points year-on-year because of increased marketing and store-related expenses, and stabilise at the pre-pandemic level of 6.7-7 per cent this fiscal and in FY24. Crisil Ratings has given the credit outlook for organised players as ...

A large number of tour operators have dovetailed their itinerary with this event

The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai was Rs 48,350, Rs 48,250, and Rs 48,920, respectively

The price of the gold depends on the karat which is a measurement of the purity of a piece of gold

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The onset of festive season is sparkling brightly over the jewellery sector. With gold prices correcting over 12 per cent from March peak, analysts foresee more upside in related stocks down the road

There are two ways in which you can get your ornaments hallmarked in order to make them marketable

Download BIS Care app, use 'verify HUID' to check authenticity

The price of gold vary for different regions based on certain parameters such as the excise duty, making charges and the state taxes

The price of gold vary for different regions based on certain parameters such as the excise duty, making charges and the state taxes

India's gold jewellery demand is likely to grow steadily at 11 per cent during the current financial year due to strong retail performance last year, according to a report. Within the jewellery retail industry, revenues of organised retailers are likely to grow at a higher pace of 14 per cent, backed by their aggressive store expansion plans and a gradual shift from the unorganised segment towards the organised one, Icra Ratings said in a report. Demand during the current Akshaya Tritiya season is expected to be strong, leading to a healthy demand growth of around 45 per cent Y-o-Y in the first quarter of FY23. Growth for FY23 is expected at 11 per cent for the industry, despite a high base witnessed in FY22, driven by the anticipated steady wedding and festive purchases during the current fiscal, given Indian consumer's strong cultural affinity towards gold," Icra Senior Vice President and Group Head Jayanta Roy said. Interestingly, at the forecasted level, gold jewellery demand in

Weddings were the primary reason for buying gold, with 43 per cent of the Indian households surveyed buying the yellow metal for this purpose

This is as per an analysis of 82 of them rated by Crisil Ratings, which accounts for 40 per cent of the sector's revenue

The price of 10 grams of 24 carat gold on Tuesday is trading at Rs. 52,470 and 10 grams of 22 carat gold is selling at Rs. 48,100. Silver is trading at Rs. 70,000 per kg

According to market veterans, on average gold sales are estimated around 20-30 tonnes on the day of Dhanteras

Get clarity on making charges for the piece, deduction if you sell it back, and eligibility for gold loan

Typically, July - September is a seasonally weak period for gold demand due to monsoons and inauspicious periods like Pitru-Paksha when buyers usually prefer to postpone gold purchases

Tamil Nadu Chief Minister M K Stalin on Wednesday launched the preliminary work to melt into 24 carat gold bars, the unutilised jewellery in the possession of the temples in the State. Initially, the gold ornaments lying unutilised at the three renowned temples of Sri Karumariamman temple in Tiruverkadu, Sri Mariamman temple in Samayapuram and Sri Mariamman temple at Irukkankudi, will be melted and converted into gold bars for monetisation. The funds raised by depositing the gold bars in nationalised banks would be used for the development of the temples under the ambit of the State Hindu Religious and Charitable Endowments (HR & CE) department, the government said. On Wednesday, the Chief Minister virtually launched the revival of the scheme, from the Secretariat here, in the presence of HR & CE Minister P K Sekar Babu, Tourism, Culture and HR & CE Principal Secretary B Chandra Mohan, HR & CE Commissioner J Kumaragurubaran and other officials. The temple gold ...

Reprieve in the pandemic means they can eye a recovery in their most lucrative sales period.

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