Titan Says High Gold Prices Make Customers Hesitate; PM Appeal Hits Demand
TITAN has observed that elevated gold prices are causing customers to hesitate in making purchases. The company also noted that the Prime Minister’s request to reduce gold consumption has impacted demand in the near term.
Management indicated that the combination of higher prices and the austerity appeal has led to a cautious approach among buyers, particularly for plain gold jewellery, though exchange schemes and lighter designs continue to support some sales.
*Top stocks in the jewellery industry:* Kalyan Jewellers, Senco Gold, and Thangamayil Jewellery.
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