Jewellery Sales Slump Despite Strong Earnings; Silver May Revisit $64–$68: IBJA

• Surendra Mehta of IBJA highlights a sharp slowdown in jewellery sales volumes, despite strong earnings reported by listed players.
• Unorganised sectors see a 60% drop in sales, while the organised market experiences a 25-27% decline.
• Silver prices are expected to remain highly volatile, potentially falling to $64-$68 an ounce due to paper dumping and global holidays.
• Jewellery demand recovery hinges on price stability; buyers may return if gold prices settle around Rs 155,000 per 10 gm.
• Mehta predicts gold could reach $5,900-$6,100 and silver $155-$165 by 2026, with interim corrections expected.