homevideos Newsmarket Newscommodities News

Commodity Champions: Will festive season perk up gold, diamond demand?

videos | Oct 18, 2022 7:45 PM IST

Commodity Champions: Will festive season perk up gold, diamond demand?

Mini

A spike in polished exports and rough diamond imports has helped keep the sector hopeful but will that be enough? Sachin Jain, Managing Director of De Beers India discussed the same.

The gift-giving season is here and with it comes a surge in demand that many retailers rely on. Last year, the jewellery business saw sales sparkle as pent-up demand helped jewellers have their best Diwali in 25 years.

Recommended Articles

View All

However, the surge in prices of rough diamonds along with rising discretionary spending has given rise to worries of a softening demand during this festival season. A spike in polished exports and rough diamond imports has helped keep the sector hopeful but will that be enough? Sachin Jain, managing director of De Beers India discussed the same.
The yellow metal has been lacklustre in quarter three of the calendar year with the prices dropping to the lowest levels since March 2021. However, a weakening rupee and concerns of a looming recession could make gold a safe haven for buying yet again.
So is it time for you to jump on the bandwagon as well? If yes, there are many ways to do so. Although physical buying is more traditional, the rise of gold ETFs and mutual funds (MFs) make buying the yellow metal as simple as a click of a button. So should you be looking at digital gold this festival season? Vikram Dhawan, head of commodities at Nippon India Mutual Fund shared his views.
For the entire discussion, watch the accompanying video.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng