Mr. Colin Shah, MD. Kama Jewelry
“The US Federal Reserve announced its second interest rate cut of the year was on the expected lines. This development creates a scenario of both opportunity and a sense of caution. This is because the softening in USD makes it lucrative internationally as institutional investors and Central Banks will ramp up their inventories, along with individual buyers banking on this moment to invest in the yellow metal to safeguard against economic volatility.
On the other hand, the same factors, along with the INR pressure, will push up local gold prices, which may attract investment buying. Having said that, hurdles like high import costs and high prices will be a matter of concern in decision-making for the buyers.”
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Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
