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India’s gold market faces headwinds despite Titan’s festive sales surge
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India’s gold market faces headwinds despite Titan’s festive sales surge
India’s top jewellery maker, Titan Co., is reporting that customers are becoming cautious, with record-high gold prices dampening demand in the world’s second-largest bullion market. Sales growth is now primarily driven by price increases rather than volume, with customer growth remaining “muted,” according to Chief Financial Officer Ashok Kumar Sonthalia in an interview with Bloomberg TV. We would like for it to be balanced, where we get buyer…
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