Global gold demand remained muted in Q2 2018 at 964 tonnes (t), 4% below the same period in 2017, according to the World Gold Council’s latest Gold Demand Trends report. Slower inflows into gold-backed exchange-traded funds (ETFs) created a weak comparison against the highs of last year, contributing to the lowest H1 demand since 2009. Whilst China, the world’s largest gold market, saw a 7% rise in consumer demand.
PC Jewellers today posted a 40.83 per cent jump in standalone net profit at Rs 150.59 crore for the quarter ended September on strong sales.
The company had reported a net profit of Rs 165.98 crore for the July-September quarter of last fiscal.