Jewellery Business: Latest News & Movies, Photographs About Jewelry Business Page 1
Muthu Venkatraman stated that the orders for plain gold jewelry have trickled down post the surge in gold costs. India's gold demand is expected to be subdued in the first quarter of 2024 because of decrease jewelry sales. However, annual demand is anticipated to rise as consumers adjust to higher prices. The World Gold Council initiatives that India's gold demand, which has been caught between seven-hundred and 800 metric tons in the past five years, will escape of this vary and rise to between 800 and 900 tons in 2024. ICICI Bank has sanctioned Rs 500 crore debt facilities to Aditya Birla group's Novel Jewels for its upcoming jewellery retail stores in the subsequent quarter. ICICI Bank sanctioned ₹450 crore as a working capital loan and ₹50 crore as a time period loan.
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