Wedding Demand

Kalyan Jewellers said that the demand was visible in both gold and studded categories, with a healthy same-store-sales-growth of around 24%. The company launched 24 showrooms in India during the quarter, and there is a strong pipeline of showrooms for the current quarter as well.

Rural wedding spend slackened in Q1: Titan

Stating that he had witnessed the rural slowdown in the weakened demand for watches and jewellery during the first quarter, Titan MD Bhaskar Bhat said urban spending has held up relatively better.

Indian gold premiums fall as wedding demand eases

Local traders quoted a premium of USD 105 an ounce on London prices, down 12.5 percent from levels quoted last week. Premiums had struck a record of USD 160 in early December.