Jewellery sales up on lower gold price

04-Aug (BusinessStandard) — The stabilising of gold prices at lower levels in both the domestic and international markets has advanced both seasonal and festive jewellery demand by over a month. The price is at a four-year low, stabilising around Rs 25,000 per 10g in the home market, after it fell below $1,100 an oz in London trade. Gold jewellery demand here, show daily average sales, has jumped 40-50 per cent in recent days.

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