In the April-June quarter, India’s demand for gold dropped by up to 15% compared to the previous year, largely due to soaring prices deterring consumers. With fewer auspicious wedding dates in July, jewellery sales haven’t seen a significant uptick, although some regions experienced sporadic increases during the Rath Yatra festival. Gold prices have risen sharply to around ₹73,000 per 10 gm, up 15% from the beginning of 2024. Jewellers are cautiously optimistic, expecting a potential revival in demand during the upcoming festive season and noting a shift towards investment in gold amid subdued jewellery purchases.
Vanguard’s India Portfolio: 12 stocks surge up to 190% in CY26; 3 multibaggers, 3 new entrants
Vanguard Funds’ Indian portfolio saw strong gains in CY26, with 11 stocks rising up to 189%. The fund also added three new companies during the