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High gold prices to hit jewellery sales volume; revenue to grow 13-15%
The New Indian Express Dharmapuri
|April 24, 2025
THE ongoing rally in gold prices, which crossed the psychological $3,500/ounce mark on the global market on Tuesday and ₹1 lakh/10 gram in the domestic market, is set to eat up the sales volume of organised gold jewellery retailers by 9-11% this financial year.
Total sales volume may touch ₹4.5-5 lakh crore for the industry in FY26. However, given higher prices and realisations will help retailers clock 13-15% growth in revenue, Crisil Ratings said in a note on Wednesday. This comes on the back of four straight years of over 20% revenue growth. Volume, however, has remained subdued with consumers purchasing smaller quantities amid budget constraints due to higher prices.
This story is from the April 24, 2025 edition of The New Indian Express Dharmapuri.
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