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Gold jewellery retail sales volume may fall up to 15% in FY27; demand seen at 620-640 tonnes: Crisil

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Gold jewellery retail sales volume may fall up to 15% in FY27; demand seen at 620-640 tonnes: Crisil

Domestic gold prices surged nearly 55% last fiscal amid geopolitical tensions, rising global bullion prices and a weakening rupee against the US dollar. Credits: Getty Images India's organised gold jewellery retail sector is likely to witness its weakest sales volume in a decade this fiscal, excluding the pandemic-hit year of FY21, as record-high gold prices and a sharp increase in…

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