Gold's 14% slide from May highs squeezes Q1 FY26 margins for Indian jewellery retailers
A ₹25,195 correction to ₹1,44,782/10g leaves jewellers holding high-cost inventory as buyers delay purchases anticipating further declines. Retailers weigh higher making charges and hedging to offset mark-to-market losses, even as FY26 import value tracks $72 billion on a 24% volume surge.
Sharp 14% gold price correction from May highs threatens June-quarter margins of Indian jewellery retailers carrying high-cost inventory. Buyers may delay purchases anticipating further declines, while jewellers consider raising making charges and hedging to offset mark-to-market losses.