As Akshaya Tritiya approaches, Pune-based lab-grown diamond jewellery brand Akoirah by Augmont is witnessing a shift in festive buying patterns, especially among younger consumers seeking value-driven and design-focused alternatives to traditional gold

Ahead of Akshaya Tritiya, the seventh edition of GJS showcased a vibrant mix of lightweight innovative, modular bridal jewellery, with event highlighting a renewed interest in silver. While some exhibitors saw high engagement, others noted a more cautious buying environment shaped by soaring gold prices

For generations, gold has held a revered place in Indian culture, symbolizing good luck and heralding prosperous times. This deep-seated cultural bond continues to thrive, even as gold prices soar to unprecedented levels

The skyrocketing price of gold is a matter of concern to the entire gold industry, but even more so for India, which is one of the largest consumers of gold worldwide. Driven by multiple factors, chiefly global economic uncertainties, inflation concerns, and a strong investment demand, these price movements have significant implications for retailers, consumers, and investors in India. In a conversation with Suneeta Kaul, Sachin Jain, Regional CEO, India, World Gold Council, dwells on the impact of high prices, the move towards organized retail in the country, the rising trend of digital gold investment, and more

India's gold demand is expected to moderate in 2025 due to record-high prices, which are likely to reduce jewellery consumption despite strong investment interest, the World Gold Council (WGC) reported on Wednesday

As Dhanteras and Diwali draw near, Indian consumers are actively purchasing gold despite record-high prices, driven by hopes for strong returns amid a cooling stock market. This surge in demand may further elevate global gold prices and impact India's trade balance, indicating a robust festive buying sentiment

With Diwali just around the corner, PNG Jewellers has seen a significant rise in store traffic and strong sales driven by both festive and wedding season purchases

As the festive season approaches, the Indian gold market is showing promising signs of recovery, despite facing challenges from record-high prices and recent fluctuations in demand

India’s gold market is witnessing a significant boost in demand following a major reduction in import duties

India's recent gold import duty cut is expected to spark a surge in gold demand during the upcoming festive season. With duties reduced from 15% to 6%, the move aims to make gold more affordable for consumers and boost retail purchases amid the peak wedding and festival period

A recent reduction in gold import duties—from 15% to 6% in the latest budget—has led to a remarkable 35-40% increase in sales for gold retailers across India. This dramatic shift has provided a much-needed boost to an industry that had been struggling with high prices and stagnant sales

In India, anticipation of potential import duty cuts in the upcoming budget adds further complexity to market dynamics, while in China, retail and wholesale demand reflect the strain of elevated prices

Indians do not really need an excuse to buy gold, but Akshaya Tritiya offers a pretty good one! Year after year, people turn out in big numbers to buy the yellow metal on this day, considered to be auspicious for buying gold, and this year was no exception. Nothing held customers back – neither the increasing summer heat, nor the rising gold prices. And in addition to the fervour for gold, buyers showed a keen interest in diamond jewellery, discovers Suneeta Kaul

This unexpected increase underscores the enduring cultural significance of gold in India and its status as a preferred asset class for investors