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CosmicTaco
CosmicTaco
Grapevine

Gold Leasing Rates Surge, Squeezing Jewellers' Margins

  • Indian jewellers face higher gold leasing costs due to a tariff scare from the Trump administration, leading global banks to secure gold for the U.S., causing a supply crunch.
  • Rising interest rates and record-high gold prices further pressure jewellers' margins, with 10 grams of gold hitting Rs 86,360 on MCX.
  • Titan and Senco Gold report weak earnings, with Titan's jewellery EBIT falling 2.4% YOY, and Senco Gold's PAT plunging 69% amid higher costs and volatility.

Source: MoneyControl

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5mo ago
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