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Gold jewellery demand to grow 6-7% in medium to long-term: Icra

Gold jewellery demand is likely to grow 6-7 per cent over the medium to long-term aided by evolving lifestyle, growing disposable income and the increasing penetration of organised sector, according to a report. The demand will also be supported by festivals, evolving lifestyle, and demographic dividend, IcraNSE 0.22 % added. Gold jewellery demand in India varies across rural and urban markets, right from the type of jewellery bought, timing of purchases among others, it said. With 65 per cent of…