Economic dataBusinessLine
Gem jewellery exports up 34% on demand
Positive+78
GreyOak summary
Gem and jewellery exports from India increased 34% last month to $2.92 billion, driven by rising gold prices and strong demand ahead of the year-end holiday season. Gold jewellery exports specifically surged 48%, while silver exports grew 29% despite higher raw material costs.
What it affects
- Trade and current accountPositive +78
Exports rose 34% to $2.92 billion.Rolling sentiment Positive +29
- GoldNeutral 0
Prices rose, boosting export values.Rolling sentiment Neutral +9
