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Jewellers' monthly instalment schemes sustain gold demand amid weak market

By Economic Times - 2 months ago
Monthly instalment schemes by jewellers are sustaining gold demand despite high prices. Tanishq, Reliance Jewels, and Senco Gold have seen significant growth in deposits. These schemes, crucial for retailers, drive sales by offering attractive discounts and fixing gold rates. The World Gold Council predicts increased gold consumption in 2024.

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