Kalyan Jewellers, the Kerala-based jewellery retailer, posted an impressive 37% year-on-year revenue growth for the second quarter of FY25, buoyed by strong demand for gold across key markets.

In a strategic move reflecting heightened global economic uncertainties, the Reserve Bank of India (RBI) significantly bolstered its gold reserves by $5.6 billion during the April-June quarter

This move marks a significant step in Kalyan's strategy to expand its global footprint, joining competitors like Tanishq in targeting the Indian diaspora abroad

Despite reporting strong footfall and robust revenue growth during the June quarter, Kalyan Jewellers saw a 3% drop in its share price

While the company experienced growth in both footfalls and revenue across India and the Middle East, the blended gross margin saw a sequential and year-on-year decline.

India's smartwatch market grows highest ever at 312%, Fire-Boltt leads

Import of gold has gone up significantly in the April-June quarter, Commerce Ministry data reveals

Physical gold prices in India moved to a discount over official domestic rates

Australian gold production has recovered strongly

Unlike gold, silver prices show greater fluctuation and so does its demand and supply

Gold prices in India are up 35% this year. Analysts report uptick in investment demand for gold

Titan Company unit states recovery in jewellery division has been "better than originally envisaged" 

For the June quarter, the Bengaluru-headquartered company recorded 20% year-on-year growth in revenue in the watches segment, driven by a large order from another group firm, TCS 

The illegal trade could rise further in coming months as India, raised an import tax on gold by 2.5 per cent to 12.5 per cent in July’s federal budget, effectively increasing smugglers’ margins