Dublin, Dec. 14, 2023 (GLOBE NEWSWIRE) -- The "Bullion Market in India 2023-2028" report has been added to ResearchAndMarkets.com's offering.
Between April 2023 and June 2023, India witnessed a significant decrease in exports of gems and jewelry, totaling US$ 7.22 billion and reflecting a 28.08% decline compared to the same period in the previous year when exports reached US$ 10.04 billion.
Concurrently, during this timeframe, India's gems and jewelry imports amounted to US$ 5.20 billion. It's worth noting that from April to November 2022, there was a positive trend in gem and jewelry exports to key destinations like the UAE, Belgium, Singapore, Thailand, and Switzerland. However, in December 2022, India's gems and jewelry imports recorded US$ 2.27 billion, indicating an 18.69% decline compared to the corresponding period in the preceding year.
Participants in the bullion market range from individual and institutional investors to central banks, bullion dealers, refineries, and other entities engaged in the production, trade, and investment of precious metals. Serving as a platform for price discovery, hedging against economic uncertainties, and facilitating investment diversification, the bullion market plays a crucial role in the broader financial landscape.
Market drivers:
India's bullion market exhibits a heightened sensitivity to global economic factors. In periods of economic uncertainty, geopolitical tensions, or instability in financial markets, investors frequently turn to safe-haven assets, with gold emerging as a preferred choice. The surge in global uncertainty typically results in increased demand for gold in India, driven by investors seeking to safeguard their wealth.
Interest rates play a pivotal role in this dynamic. During periods of low interest rates, the opportunity cost of holding gold, which does not generate interest or dividends, decreases, enhancing the appeal of gold. Conversely, higher interest rates may redirect investor funds towards interest-bearing assets, leading to a reduction in demand for gold.
Market challenges:
Being among the leading global consumers of gold, India relies heavily on imports to meet a substantial portion of its demand. This dependence on external sources exposes the country to variations in international prices, currency exchange rates, and disruptions in the global supply chain.
Government policies, particularly alterations in import duties and taxes on gold, wield significant influence over the bullion market. Although such measures are commonly deployed to regulate the trade balance and curb the current account deficit, frequent adjustments introduce uncertainty for market participants, potentially affecting the overall cost and accessibility of gold in the domestic market.
Key Topics Covered:
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: Market Overview
4.1. Bullion Market in India Overview
4.2. Net export and import of gems & jewelry (FY 2016 - FY 2023)
4.3. Export of cut and polished diamonds (FY 2016 - FY 2023)
4.4. Net export and import of gold (FY 2016 - FY 2023)
4.5. Gold rate in India (as of 16/11/2023)
4.6. Silver rate in India (as of 16/11/2023)
Chapter 5: Government Initiatives
5.1. Government initiatives
Chapter 6: Market Trends
6.1. Market trends
Chapter 7: Market Influencers
7.1. Market drivers
7.2. Market challenges
Chapter 8: Competitive Landscape
8.1. Kalyan Jewellers
- Company information
- Business description
- Products/services
- Key people
- Financial snapshot
- Key ratios
- Key financial performance indicators
- Key business segments
- Key geographic segments
8.2. Rajesh Exports Limited
8.3. Senco Gold Limited
8.4. Shirpur Gold Refinery Limited
8.5. Titan Company Limited
8.6. Malabar Gold & Diamonds
8.7. MMTC-PAMP India Private Limited
8.8. Hindustan Platinum Private Limited
8.9. P.C. Chandra (Gems) Private Limited
8.10. Sovereign Metals Limited
Chapter 9: Appendix
For more information about this report visit https://www.researchandmarkets.com/r/he5h1i
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