Also, the long term, gold jewellery demand in India is being driven by the growing lifestyle of disposable income, especially in Tier 2, Tier 3 and rural markets, which would influence the demand in a significant way, reports add.
Import over medium term would reach levels as were prior to the restrictions imposed, largely replacing sourcing of gold through the unofficial channels / recycled gold. The report said large retailers could clock 10%+ growth over the short-to-medium term and retailers overall would record a notable growth.
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