MUMBAI: Gold jewellery has not lost its sheen but it may be going out of reach for average Indians as high prices of the yellow metal are pushing people to spend less on new pieces and only stick to essentials. While sales volumes or the amount of gold sold are dropping, sales value, driven by pricing, is growing.

Indian organized gold jewellery retailers anticipate a 13-15% sales volume decline this fiscal due to high gold prices and import curbs. Despite this, robust revenue growth of…

The organised gold jewellery retail sector is set for a steep 13–15% volume decline to a decade low in FY27, driven by the governments import duty hike to 15%. Rising prices,…