Bengaluru reports 10 to 15% spike in gold sales
The Hindu
Business has recovered to better than 2019 levels, say jewellers
Gold traders in the city have reported a 10 to 15% surge in sales both in value and volume in the last one month, a trend mostly seen by the entire trading community that comprises over 50,000 jewellers in the city, according to industry watchers.
“Gold suddenly has become the new currency for many people as they slowly come out of the pandemic. The customer profile has rapidly expanded. Earlier, it was mostly traditional wedding customers and families, but now youngsters, pensioners, and the elderly are showing interest in investing in gold, a trend the industry hasn’t seen,” obsevered Dinesh Pagariya, former director, Jewellers’ Association, and MD of JJJ Jewellers in the city.
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