Customs duty cut will curb gold smuggling, improve demand, says Senco’s Suvankar Sen

“Overall it has just been two days, we have seen volatility in the markets, gold prices have come down, silver prices went up and then it came down again. On overall basis January, February, March we are positive that we should be seeing good numbers and customers will be coming to the stores to buy the products,” he added.

On trends in purchases, he said, “The behaviour has been pretty much similar all across India, in spite of taste of consumers are different from state to state and zone to zone but the behaviour one what we have seen in south, north, west or east people across the country have been buying higher ticket size items compared to lower ticket size item.