Gold And Jewellery Sector - Demand Trends Encouraging: Motilal Oswal
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Motilal Oswal Report
We hosted an expert on the gold and jewellery sector to understand the environment and trends for gold sector in India. The discussion revealed several insights:
organised players are seeing strong sales performance, led by buoyant consumer sentiment, pent up demand, a shift in discretionary demand towards jewellery, and low gold prices;
the outlook for the upcoming festivities and wedding season is strong, with jewelers stocking up inventory as represented by the surge in gold imports;
a decline in gold volumes in recent years and World Gold Council’s efforts to generate interest in gold among young consumers; and
mandatory hallmarking, which would help consumers receive the right purity of the product and create a level playing field among jewelers.
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