Jewellers look to festival season for demand revival
The rising gold prices have taken the sheen out of the retail jewelry businesses.
On Monday, the price of yellow metal surged by 675 to touch a new high of 39,670 per 10 grams. Its steady increase since May has forced the consumers to hold back their purchases. This has resulted in a sharp fall in sales among retailers across the country. They are hoping that the upcoming wedding season (especially in Tamil Nadu, a large gold consuming State) and festivals like Diwali will bring back demand.
“Jewellery sales have declined by nearly 35 percent since May when compared with the previous year. This has never happened before. We are hoping for prices to correct a little bit,” said Anantha Padmanaban, Chairman of the All India Gem & Jewellery Domestic Council.
この記事は The Hindu Business Line の August 27, 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Hindu Business Line の August 27, 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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