Searches for precious metals rise by 40%: Report
The significant rise in demand for gold in tier-II cities has been augmented by increasing disposable income and growing aspiration. Demand for silver has also been growing steadily
NEW DELHI: Ahead of the festival of Dhanteras, search for precious metals has risen 40% year-on-year with gold contributing 70% of the overall search data, according to a report by Reliance Retail-owned Justdial.The company’s ‘Consumer Report’ said demand for precious metals in tier-II cities remained higher vis-à-vis tier-I, with tier-II cities witnessing a 44% jump. Searches in tier-I cities for precious metals rose by 34%.
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