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

The ICRA report projects a robust 14-18% year-on-year growth in India’s gold jewellery consumption for FY25, driven by factors like the customs duty cut, festive demand, and rural income boost. Organised retailers are expected to lead the growth with network expansions and rising consumer preference for branded jewellery

Senco Gold & Diamonds expects its non-jewellery business, spearheaded by its newly launched subsidiary Sennes Fashion, to contribute 5% of total revenue within the next four to five years

Billionaire Kumar Mangalam Birla is set to enter the world's second-largest bullion market by July, as his conglomerate diversifies into new sectors to engage with Indian consumers

This World Gold Council report states that chain stores comprise 35% of India’s retail gold jewellery market and that they are poised to grow in the next 5 years

The World Gold Council and Gems and Jewellery Export Promotion Council (GJEPC) have signed an agreement to promote gold jewellery in India in 2021

Fuelled by an expanding economy and rising wealth, China's gold jewellery demand has boomed since the early 2000s.

Though export market and large diamantaires in the organised sector may not be impacted much, small and medium players, carrying out local trade and sourcing, are expected to feel the pinch of currency recall exercise, it pointed out.

Krizz' Ahmedabad showroom will house over 125 kgs worth of jewellery to choose from, adding over 4000 new designs every month.

Available across leading platinum retailer's Joyalukkas, Malabar Gold & Diamonds, TBZ – The Original amongst others.

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