Mumbai, Feb. 5 -- According to the latest report from World Gold Council, China's gold jewelry demand fell to 479t in 2024, 26% below the 10-year average and 10% lower than pandemic-hit 2020. Weak consumer confidence, slowing income growth, and record gold prices hurt demand, leading to widespread store closures. Despite a 4% quarterly rise in Q4 due to restocking before the New Year and Spring Festival, the outlook remains weak. Retailers are focusing on lighter designs and high-value collections, incorporating gems, enamel, and other materials to attract younger buyers.
Published by HT Digital Content Services with permission from Capital Market....