Jewellery Stocks Gain Due To Consumer Demand

The global demand for gold was down by 18% in the first quarter of this year. The central bank demand declined by 27%, whereas the investment demand fell by 34%, as reported by a leading business news channel.

On the brighter side, the global demand for the jewellery was up by 1% and the consumer demand was up by 4%. The total supplies fell by 12%., reported a leading business news channel.

The major stocks of gold companies on Monday are trading in green on the BSE. PC jeweller is up 3.1% at Rs 442 per share, TBZ is up 0.7% at Rs 93.90 per share and Gitanjali Gems is up by 0.1% at Rs 68.65 per share.

The gold futures of June series is trading up 0.05% at Rs 28,085 per 10 grams, whereas the silver futures of July series is trading up by 0.44% at Rs 38,186 per kilogram on MCX.

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