Despite the steep fall in gold prices and the resultant fall in realisations, retail jewellers are likely to sustain the ongoing demand recovery into the next fiscal with a 30-35% spike in demand, according to a report.
There was strong demand recovery in Q3 FY21 due to the festive season, pent-up wedding demand, and a 10% correction in gold prices during the festival period from its peak in last August, India Ratings said in a report, revising the sectoral outlook to stable from stable-to-negative.
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