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Gold prices hit fresh high ahead of Dhanteras; jewellers expect volume dip

Retailers in Bengaluru's Chickpet and Jayanagar are offering lightweight designs and exchange schemes to keep buyers interested despite elevated prices.

Gold prices hit fresh high ahead of Dhanteras; jewellers expect volume dip
Bengaluru: Gold prices hit fresh high ahead of Dhanteras; jewellers exp. (DBNEWS photo)

Bengaluru: Retailers in Bengaluru's Chickpet and Jayanagar are offering lightweight designs and exchange schemes to keep buyers interested despite elevated prices.

Market participants said the numbers reflect a broad-based recovery in consumption, with rural demand finally catching up with urban markets.

Analysts at domestic brokerages expect the momentum to continue through the festive quarter, though they cautioned that global cues remain volatile.

What happens next

Small businesses in Karnataka are seeing better order visibility than last year, and that is translating into higher working-capital demand, said a Bengaluru-based chartered accountant.

Representational image
Representational image. (DBNEWS file photo)

Investors will now watch quarterly earnings, monsoon-linked rural indicators and global interest-rate signals for the next direction.

DBNEWS will continue to track this story and update readers as more details emerge. Follow DBNEWS for the latest from Bengaluru, Karnataka and across India.

KS
Business Editor

Karthik Shetty

Karthik tracks markets, MSMEs and Karnataka's industrial economy, with a focus on exports, manufacturing and policy.

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Gold prices hit fresh high ahead of Dhanteras; jewellers expect volume dip | DBNEWS