Will high gold prices affect this year’s wedding season purchase?

In this State of the Economy podcast: business lineMr Subramani speaks to Kunal Lagu and Parag Lagu, Directors of Lagu Bandhu, about the recent rise in gold prices and its impact on global commodities. The podcast explores a variety of topics, including escalating geopolitical tensions, conflict between Israel and Hamas, the ripple effects of US interest rate adjustments, the resulting impact of a weakening dollar and their impact on gold prices. Kunal and Parag Lagu discuss the complexities of the gold market and offer insights into its evolving dynamics, especially within the context of India’s economic landscape. As the country anticipates the start of the upcoming wedding season and eagerly awaits the highly anticipated Asian Gold Expo, the speakers analyze the convergence of these events with the current rise in gold prices and explore the possible implications for consumers and businesses, shedding light in emerging markets. trends and strategic considerations. By analyzing consumer behavior, the conversation will also look at various strategies being adopted amid fluctuating prices. From cautious buyers waiting for price stabilization to the emergence of innovative trends in jewelry design that favor lighter and more accessible pieces. Moreover, the speakers will also explore the impact of the ongoing Rabi crop season on gold demand, unraveling the cyclical nature of consumer spending patterns. With a focus on India’s second and third largest cities, the podcast highlights the enduring appeal of gold as a preferred investment avenue amid changing economic landscapes.

Host: Subramani MR, Producer: Siddharth Mathew Cherian, Editor: Rowan Barnett