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.
Smartworks Coworking IPO opens today. Check GMP, price band and other details
Smartworks Coworking Spaces will launch its IPO on July 10. The company aims to raise between Rs 576 crore to Rs 583 crore. The IPO