Mumbai jewellers await festive revival as gold demand stays weak despite ~30% price drop
Zaveri Bazaar jewellers report sluggish retail gold buying even as prices fall from peaks near Rs 2.04 lakh/10g to ~Rs 1.40 lakh, with consumers awaiting stability. Shift toward lower-carat and studded jewellery continues; trade hopes Oct-Feb festive and wedding season revives sales.
Mumbai jewellers report sluggish retail gold demand despite prices falling ~30% from peaks, as consumers await price stability. Shift toward lower-carat and studded jewellery continues; jewellers hope festive/wedding season revives sales if prices steady.
Why this matters
Zaveri Bazaar jewellers face muted retail gold demand even after a sharp price correction, with buyers holding out for stability and pivoting to lower-carat and studded pieces ahead of the festive-wedding window.
Footfall theme steady with 308 signals in the last 90 days.