Business

‘Retail jewellers likely to sustain recovery’


Despite the steep fall in gold prices and the resultant fall in realisations, retail jewellers are likely to sustain the ongoing demand recovery into the next fiscal with a 30-35% spike in demand, according to a report.

There was strong demand recovery in Q3 FY21 due to the festive season, pent-up wedding demand, and a 10% correction in gold prices during the festival period from its peak in last August, India Ratings said in a report, revising the sectoral outlook to stable from stable-to-negative.

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