Gold Outlook: दशहरा, धनतेरस और दिवाली में किस तरह के गोल्ड ज्वैलरी की होगी ज्यादा डिमांड?GoodReturns

4 days ago

Gold market news : अक्टूबर के महीने में गोल्ड का भाव क्या रह सकता है? फेस्टिव सीजन में गोल्ड खरीददारी के लिए आपको अभी सोना खरीदना चाहिए या इंतजार करना चाहिए? अगले 5 साल में सोने का क्या आउटलुक है?

What is gold and silver trends till Diwali and year end. Gold price predictions 2024 for October month. Is it still safe to invest in Gold. Gold 22 karat, 24 karat prices in India.

#goldrate #gold #goldprice #goldforecast
#silverprice #silverrate #Silver #GoldPrediction #24kgold #22kGold #GoldRateNews #GoldPriceNews #GoldRateToday #GoldPriceToday #SilverRateToday #SilverPriceToday #BreakingNews #GoldvsSilver #SilverInvestment #SilverRate #SilverPrediction #SilverOutlook #SilverForecast
~HT.178~PR.147~ED.148~GR.124~

Transcript

00:00Namaskar, my name is Digvijay Singh and I welcome you to GoReturns.

00:03In terms of gold prices, we are seeing a sharp rise this year.

00:07If we talk about 2024, till now the price of gold has increased by 20%.

00:12The festive season has also started and there is a lot of excitement in the country.

00:15Dussehra is in the coming days and there is a lot of wealth.

00:18This is a good time to buy gold.

00:21What trend is visible when prices have increased and gold is trading at an all-time high?

00:27We will understand the sentiment of the buyers at the ground level.

00:32Today, we have with us a 200-year-old company, which is associated with the jewelry business.

00:37The management of P.N. Gadgil and Sons is joining us.

00:40The CEO and CFO of the company, Mr. Aditya Modak, has joined us.

00:44Sir, welcome to you.

00:45How is it going, sir, when the price of gold has increased and is at an all-time high?

00:50What is the situation in the stores?

00:53What kind of gold and jewelry are being sold?

00:58As you said, the price of gold has increased at an all-time high.

01:06If we look at last month, when the duty was reduced, there was a little relief.

01:11There was a plunge of customers who were coming because the rate was lower.

01:19But now we are seeing a unique trend when you are a retailer.

01:25When the rate increases rapidly, the customer's FOMO is created.

01:31They want to grab the best price for them.

01:34When the rate increases rapidly, the attraction towards gold increases.

01:43We are anticipating that the festival season is coming up.

01:49So we book a lot of customers for that.

01:52They want to buy gold on auspicious days.

01:56If you look at the trend so far, the prices have increased rapidly.

02:02How much impact has the sale of gold had on your sales?

02:07How much price are you seeing that it can increase further?

02:11Most of the commodity market experts are hoping that it will increase further.

02:15The price of gold is increasing and it will continue.

02:20This is what we are also anticipating.

02:22The actual sale of this year compared to last year is 10-15% in terms of gramage.

02:34I can see an increment there.

02:38People's attraction towards branded jewellery has increased.

02:43Like you said, we are 200 years old.

02:45We are known as a brand in this particular area where we work.

02:49People's attraction towards branded jewellery has increased.

02:53Secondly, people look at investment.

02:56They invest in commodities that are likely to increase in price.

03:05This year, till Diwali, we have seen an increase.

03:11This we anticipate to continue in the remainder of the year.

03:16What kind of tips will you give to our viewers?

03:22For investment or as a guidance.

03:26If you want to invest in gold, what kind of options should you pick?

03:30Is it coins, bars, jewellery?

03:33If you want to invest, you should invest in gold and silver.

03:39Financial experts say that you should invest 20-25% in gold and silver.

03:48For two reasons.

03:51First, it is a purge from the share market.

03:54It is not directly dependent on it.

03:57When there is uncertainty in the world,

03:59when the share market starts to perform negatively,

04:03this particular portfolio starts to move upward.

04:07There is a kind of hedging.

04:10If you ask me, being a CEO and a business man,

04:17if you ask me, you should invest 20-25% of your total portfolio in gold.

04:25Second, the rate of return is better than banks and R&D.

04:33It has been performing consistently in the last few years.

04:37We can see gold as an investable commodity.

04:41If I talk about the demand pattern,

04:45there is a theme for every year.

04:49What kind of theme or pattern do you see in demand?

04:53What kind of demand is coming from the customers?

04:56What kind of demand is coming?

05:03I told you that you need branded jewellery.

05:08Secondly, diamond is rising in the Maharashtra market.

05:15The diamond market is getting a good attraction.

05:19We have seen a lot of buyers in the last 6 months.

05:24In gold, the rate of per gram is so high,

05:28the customers say 14-18 carats.

05:31They don't want weight reduction,

05:33but they want purity reduction, price reduction.

05:36For price reduction, 14-18 carat jewellery is in high demand.

05:40Or everyday jewellery,

05:42corporate wear jewellery.

05:44The demand has been increasing in the last 2 years.

05:48In the coming days,

05:50there is Dussehra, Dhanteras, Diwali.

05:52There is an auspicious time for all these.

05:54Does the pattern of buying jewellery

05:56differ in the auspicious time?

05:58Does the pattern of buying jewellery

06:00differ in the auspicious time?

06:02There are 3.5 auspicious times in a year.

06:04Two of them are between Diwali and Dussehra.

06:08On Dussehra, there is Dhanteras.

06:11That day is considered to be very auspicious.

06:13There is a lot of spurt on that day.

06:15Usually, those who get married in winter,

06:17their buyers are in this period.

06:19Marriage is a very auspicious event in everyone's life.

06:23People also think that

06:25their buyers are on auspicious day.

06:27Because of that,

06:29from Ghatasthapana to Diwali,

06:31there is a lot of demand.

06:33Out of the total year's sale,

06:35almost 30-35% of jewellery sales

06:37happen on Dussehra.

06:4030-35% of jewellery sales happen

06:42between these 40-50 days.

06:44Talking about the wedding season,

06:46it is going to start soon.

06:48What are your expectations

06:50regarding the growth of your business?

06:52What are your expectations

06:54regarding the growth

06:56of your business

06:58when the financial year ends?

07:00When we talk about the financial year,

07:02how much gold are you expecting?

07:04Look at both the questions.

07:06So far,

07:08there has been a lot of rally.

07:10But still,

07:12I can see a 10-15%

07:14top in the financial year.

07:16Obviously,

07:18it will settle after that.

07:20But still,

07:22in this year,

07:24when the custom duty came down,

07:26everyone was anticipating

07:28that the rate will come down by 9-10%.

07:30But you will see that

07:32the gap that was created has increased.

07:35If the custom duty was the same,

07:37then we could have seen

07:39around 85-87,000 gold.

07:41So,

07:43what we are anticipating is

07:4510-15% more rally

07:47in this year.

07:49So, I think it is a good time

07:51to buy as an investment.

07:53And if you want to buy jewellery

07:55in the future,

07:57you can do a little prepayment.

07:59So, they should do it.

08:01And in terms of business,

08:04if I ask you,

08:06what is the Haryana economy like?

08:08Like I said,

08:10when the growth rate is high,

08:12the customer gets a little hope

08:14that the rate will go up

08:16to 80,000, 90,000, 1 lakh.

08:18So, when people are in the upper trend,

08:20it is a very positive buying

08:22for a business perspective.

08:24So, at the right time,

08:26if we see a festival,

08:28like I said,

08:3030-35% if my sale is in this particular period,

08:32then this growth rate

08:34will increase.

08:36So, obviously,

08:38for a business,

08:40it is going to be a very positive thing.

08:42In the budget,

08:44when the duty cut was announced,

08:46how much impact did it have

08:48on your business?

08:50And what was the benefit

08:52and loss to the customers?

08:54When the duty cut was announced,

08:56there was an unprecedented

08:58kind of sale

09:01because suddenly

09:03the rate of gold went down

09:05by almost 9%

09:07because of the duty element

09:09which had gone from the base value of gold.

09:11So, because of that,

09:13it is very good.

09:15The people who have invested

09:17are already enjoying the

09:19benefits of gold.

09:21Because gold is such a thing

09:23that its price generally increases.

09:259-10% never benefits anyone.

09:27But due to the duty cut,

09:30the price of gold has increased.

09:32So, that trend

09:34is continuing.

09:36As I said,

09:38the price is increasing.

09:40So, overall, for business

09:42as well as for the customers,

09:44it is a very positive environment for both.

09:46So, we are looking

09:48at it as a very positive.

09:50In terms of percentages,

09:52since the duty cut

09:54has been announced,

09:56we will see that

09:5820-22% of the sale

10:00is increasing

10:02for the month over month.

10:04The presence of PN Gargill & Sons

10:06is in Maharashtra, Karnataka,

10:08and Gujarat.

10:10Are you planning to focus

10:12on other states as well

10:14or are you planning

10:16to expand

10:18wherever you are present?

10:20If you see in Maharashtra,

10:22out of our 30 stores,

10:2428 stores are in Maharashtra.

10:27We haven't been able to cover all of Maharashtra.

10:29So, obviously,

10:31our focus will be in Maharashtra

10:33or in adjacent states like Gujarat,

10:35Chhattisgarh,

10:37Madhya Pradesh, Karnataka.

10:39But lucrative options

10:41that we are looking into.

10:43In the existing market,

10:45almost 70-80% of the concentration will be there.

10:47And in the adjacent market,

10:4920-25% of the concentration

10:51for the expansion.

10:53So, sir, in December 2022,

10:56Gargi Fashion Jewelry's SME IPO

10:58was launched.

11:00Is the company planning

11:02to launch the IPO on its main board?

11:04Gargi was a very good success overall.

11:06PN Gargi & Sons,

11:08which is a business

11:10of gold and diamond,

11:12immediately,

11:14in the next couple of years,

11:16there is no plan for IPO.

11:18But as Gargi matures,

11:20obviously, Gargi will move

11:22from SME to MEC.

11:24Okay. You have almost

11:26200 years of experience in the business.

11:28Tell our viewers

11:30some interesting things

11:32that your company has achieved so far.

11:34Some things that you want to share.

11:36So, as you know,

11:38PN Gargi

11:40is there from like 200 years.

11:42So, if we look at

11:44the biggest changes

11:46in the journey so far,

11:48we maintain the archive.

11:50Every generation has maintained

11:53some archive of the changes

11:55in their career.

11:57So, this particular generation

11:59has the biggest archive.

12:01Because the market dynamics,

12:03the design dynamics

12:05are changing,

12:07the rates are increasing,

12:09the speed is increasing,

12:11the overall competition is increasing,

12:13India is flourishing,

12:15the overall market is changing.

12:17So, as a company,

12:19the biggest changes

12:21this generation is experiencing.

12:23And in this,

12:25as we said,

12:27there was a lot of involvement.

12:29Like 2 years ago,

12:31we achieved a monumental

12:3310,000 crore number.

12:35Then Gargi

12:37had a new birth

12:39and we listed it.

12:41We listed a 30 CR company.

12:43That last couple of months,

12:45within 21 months,

12:47we achieved a 1000 crore market cap.

12:50So, such monumental numbers

12:52have been achieved in 2-3 years.

12:54And this is what we intend

12:56to continue doing.

12:58To expand more and more

13:00as a company,

13:02to become a big group

13:04and achieve new things.

13:08Thank you very much, sir.

13:10You gave us time

13:12and you told us about the

13:14strength of the jewelry market

13:16and what kind of demand will be there

13:19in the future.

13:21Thank you so much, sir.

Gold Outlook: दशहरा, धनतेरस और दिवाली में किस तरह के गोल्ड ज्वैलरी की होगी ज्यादा डिमांड?GoodReturns

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