
Finance · 10 updates
Total Jewellery demand in India during the quarter under review decreased by 15% to 75.1 tonnes as compared to 88.8 tonnes in the same period last year
"Indians and their gold - that is a puzzle we have to find a way to solve," he said. Kotak suggested that a committee could be considered to work out a solution that takes into account people's requirements while also addressing the country's capital and current account challenges.
Jewellery stocks rallied up to 10% on Friday after temporary curbs on fresh subscriptions to gold ETF Fund of Funds (FoFs) by around 17 mutual fund houses, just as the festive and wedding season gathers pace.Shanti Gold International shares rose as much as 7.6% to hit a fresh 52-week high of Rs 421.85, while Sky Gold and Diamonds gained 6.1% to reach a record high of Rs 1,064. PC Jeweller advanced 9.9% to Rs 15.89, also touching a fresh 52-week high. Tribhovandas Bhimji Zaveri climbed 5% to Rs 760.75, its 52-week high.Also Read: Persistent Systems shares slide 5% despite Q2 revenue growth. Buy