Festive season, cultural demand, and GST reforms could boost gold jewellery buying in India even as the yellow metal rates are at record highs, Mirae Asset Mutual Fund has said in a report.
The four-day Chhath Puja is set to see enthusiastic participation across India, especially among people from Bihar and Jharkhand, as well as Purvanchali communities residing in various states.
India's oil product demand during October increased month-on-month by 113,000 barrels per day, supported by an uptick in economic activities in the post-monsoon season and the Diwali festival, acoording to S&P Global Commodity Insights.
New Delhi [India], July 30 (ANI): Indian jewellery demand fell 74 per cent in Q2 (April to June) year-on-year to 44 tonnes due to nationwide lockdown, lost festival demand and higher gold price, the World Gold Council (WGC) said on Thursday.
New Delhi [India], July 23 (ANI): Ahead of the Raksha Bandhan festival, the demand for Chinese rakhis have fallen this year, according to shopkeepers from several parts of the country.