India’s retail gold demand could rise this month on festival and wedding purchases, says WGC


India’s retail gold demand could improve in April as consumers accept higher gold price levels after a sluggish March that saw buyers postpone purchases in anticipation of a correction in prices, the World Gold Council (WGC) said. Demand will also receive support from the festival- and wedding-related purchases during the month and official imports could […]

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Global gold prices rose 8% in Q1; rate hikes a risk, but inflation, geopolitics remain key drivers – WGC


Global gold prices rose 8% in the first three months of 2022, the best quarterly performance since Q2 2020, after rising a further 2% in March, as rapidly rising inflation and unexpected geopolitical risks more than offset the drag from higher nominal rates, the World Gold Council (WGC) said in its latest monthly report, adding […]

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For India’s gold jewellery retailers, revenue seen up 12-15% next fiscal – CRISIL


Revenue of gold jewellery retailers in India is expected to rise 12-15% next fiscal, backed by sustained high prices of gold and steady demand, ratings agency CRISIL forecast, adding that this will follow strong revenue growth of 20-22% expected this fiscal, albeit on a lower base of the Covid-19 pandemic-impacted last fiscal. Operating margins should […]

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