EBITDA margin improves sharply to 7.83% and PAT margin rises to 5.32% despite volatile gold pricing environment.

India’s gems and jewellery sector faced a sharp setback in May 2025, with exports falling by 15.81% year-on-year. New US tariff measures and weak global demand hit key segments like cut and polished diamonds and lab-grown diamonds, even as gold jewellery showed positive growth amid geopolitical uncertainties

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

In October 2024, global gold ETFs experienced a sustained inflow of US$4.3 billion, extending a six-month streak of positive demand. North America and Asia led the inflow trends, contributing significantly to the overall growth in assets under management (AUM), which reached a record US$286 billion

India’s natural diamond polishing industry is bracing for a steep revenue decline of 25-27% this fiscal year, reaching a decade-low of $12 billion, according to a recent CRISIL report

India's gold imports fell by 4.23% to USD 12.64 billion from April to July 2024-25, reflecting global economic uncertainties, according to recent government data

This Rakshabandhan, gold retailers across India celebrated a substantial increase in sales, as consumers took advantage of reduced domestic prices following the recent import duty cut

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

In April 2024, India's Gems & Jewellery industry witnessed a marginal uptick in imports, while exports experienced a notable decline, reflecting both domestic and global economic dynamics

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

Despite the substantial decrease in gold imports, the country's trade deficit, which is the disparity between imports and exports, has not been reduced.