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Bloomberg Quint

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Image Credit: Bloomberg Quint

Gold Jewellery Consumption To Dip By 9-10% In FY26 On Rising Prices: ICRA

  • Domestic gold jewellery consumption is expected to decline by 9-10% in FY26 due to a 33% surge in gold prices.
  • Investment demand for bars and coins is projected to grow by around 10% in FY26, accounting for 35% of total gold demand.
  • Organised large retailers are expected to have revenue growth of 14-16% in FY26, supported by gold price appreciation and retail expansion.
  • ICRA anticipates double-digit growth in domestic gold jewellery consumption by value in FY26, despite a projected decline in volumes.

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