The surge in gold prices is anticipated to have a dampening effect on the demand for gold jewellery, leading to minimal volume growth for organised gold jewellery retailers in the fiscal year 2023-24 (FY24).

This will follow a strong revenue growth of 20-22% expected in FY22, albeit on a lower base of the pandemic-impacted previous fiscal

Malabar Group chairman MP Ahammed said the government should create an enabling environment for the jewellery retail trade to introduce MRP pricing in the segment without any pricing break-up in terms of GST or other taxes

ICRA expects gold jewellery demand to be subdued in FY2020 with expected volume de-growth of 6-8% on the back of elevated gold prices and weak consumer demand

This is based on an analysis of 50 CRISIL-rated jewellery retailers, which together account for about half of the revenues of the organised jewellery retail market in India

The regulatory measures are expected to continue to accelerate the formalisation of the sector, and the market shares of organised players are accordingly expected to increase, says the report.

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

However, in value terms, the demand for gold jewellery is likely to register a growth of 5-7 percent during the year, rating agency Icra said in its report.

Credit profiles of organised players to witness gradual recovery over the medium term.

New collection is specially curated by CaratLane.com for the woman who revels in the limelight.

Jewellery to become expensive for buyers; gem and jewellery export to be affected.

Total gold supply in 2014 was virtually unchanged compared to 2013 at 4,278 tonnes.

Shoppers can win a total of of 100 kgs gold through the 32 days of the festival

This unique collection starting at Rs 2,60,000 onwards and is available across MBJ stores in Delhi, Kolkata and Jaipur.