Mr. Colin Shah, MD, Kama Jewelry
Primarily, the untamed and volatile price trend of the yellow metal breaching new highs, in the backdrop of the recent Iran-Israel conflict has led to investors withdrawing from riskier avenues and reinvesting in gold. Given the scenario of looming escalations between the countries in conflict and the response by G7, the price dynamics of Gold will continue to be volatile and highly unpredictable, both internationally and domestically.
On the trade front, jewellery exports from India will get further sluggish owing to higher crude prices and tension, leading to a poor sentiment in the end-user class in international markets.
We wait and watch for the situation to normalize and hope for a truce with the best interest towards bringing economic stability.
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