Gold prices at record high! Festive demand drops 25%; coins and bars investments surge
Gold demand by volume fell 25% this Dussehra, reaching 18 tonnes, primarily due to significantly higher prices compared to last year. Despite the volume decline, sales value rose 30-35%. Customers are pre-booking for upcoming festivals, and lightweight jewellery, gold coins, and old gold exchanges sustained sales, showing varied regional trends.
Gold demand by volume fell 25% this Dussehra, reaching 18 tonnes, primarily due to significantly higher prices compared to last year. Despite the volume decline, sales value rose 30-35%. Customers are pre-booking for upcoming festivals, and lightweight jewellery, gold coins, and old gold exchanges sustained sales, showing varied regional trends.
