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Market move● Neutral for Indian equities
₹1.50 lakh gold tests Indian consumers: Lightweight jewellery gains traction
The brief
- Gold near ₹1.50 lakh per 10 grams is prompting consumer concern
- Lightweight jewellery is gaining traction ahead of Diwali and the wedding season
- High gold prices may shift demand toward lightweight designs, affecting Indian jewellery retailers
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