MTECHTIPS
Platinum takes on gold
Dussehra began with platinum jewellery sales scoring over gold ones, amid expectation of a higher potential of price spurt in the white rare metal.
While overall jewellery sales recorded five to seven per cent growth, platinum jewellery sales jumped 15-20 per cent. Dussehra is the beginning of the three-month festival season, from which come around 35 per cent of annual jewellery sales.
Customers seem to be looking at the best resale value of ornaments, in addition to daily use and a difference in appearance. Consumers consider platinum better investment option, with greater potential for its price surpassing gold in the near future.
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