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Gold And Jewellery Sector - Demand Trends Encouraging: Motilal Oswal

Gold And Jewellery Sector - Demand Trends Encouraging: Motilal Oswal

<div class="paragraphs"><p>Gold necklaces sit on display inside a jewelry store. (Photographer: Billy H.C. Kwok/Bloomberg)</p></div>
Gold necklaces sit on display inside a jewelry store. (Photographer: Billy H.C. Kwok/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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:

  1. 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;

  2. the outlook for the upcoming festivities and wedding season is strong, with jewelers stocking up inventory as represented by the surge in gold imports;

  3. a decline in gold volumes in recent years and World Gold Council’s efforts to generate interest in gold among young consumers; and

  4. mandatory hallmarking, which would help consumers receive the right purity of the product and create a level playing field among jewelers.

Click on the attachment to read the full report:

Motilal Oswal Gold Sector Check.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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