Sales of jewellery likely to rise!
Posted on: 16/Aug/2014 2:53:55 PM
With the festival season set to start in a few days, jewellery merchants have expressed their hopes that there will be an increase in sales of jewellery.
Though there was a fall in gold prices in the international market during the period from April to June, the demand for gold in India reduced by 39%.
Statistics show that the demand for jewellery was down by 18%.
Jewellery traders expected that the import duty of gold will be reduced at least by 2%. However, this has not happened. The import of gold continued to reduce.
Over the last few months, there has been a reduction in sales of Jewellery.
With the festival season all set to start, jewellery traders expect sizeable increase in jewellery sales.
