India's largest jewelry retailer expects a brief business slowdown

Golden Ten Data reported on May 12 that India's largest jeweler, Titan Company Limited, stated that if the Indian government takes any measures to restrict gold purchases, there may be a temporary slowdown in demand. Titan's Chief Financial Officer, Ashok Soota, said that in the next three to four months, Titan's gold supply should not face any issues. He also stated that in the long run, local demand will remain resilient.