Mumbai: Precious metals rallied, gold at ₹75,200 per 10 grams and silver ₹95,000 per kg, fueled by global tensions and rupee weakness. Domestic offtake, post-Diwali, projects 2% uptick.
Market impact: Bullion stocks climbed 4%, with exporters targeting $15 billion.
Economic analysis: 10% import duties shield locals, but volatility caps 8% CAGR.
Policy: Hallmarking mandates 90% compliance, curbing fakes 20%.
Consumer trends: Tier-2 buyers, 50% volume, favor light designs.
Innovation: Lab-grown alternatives cut costs 30%.
Challenges: Making charges up 5%. Rally sustains.
