Senco Gold share price hits 5% upper circuit

Gold prices remained firm during Q4, while overall consumer sentiment toward gold as a store of value remained upbeat. Gold prices rose 11% quarter-on-quarter and 33% year-on-year, with a 19% increase over the last six months, touching a lifetime high of US$3,150 per ounce. Continued gold buying by central banks throughout the year kept demand elevated, contributing to the rise in prices. Meanwhile, the company continued its expansion in the March quarter, launching four new showrooms under the franchisee and COCO models.