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Ramesh Kalyanaraman: Latest News

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15.05.2021 / 04:01

Akshaya Tritiya: Gold sales slammed once again by Covid-19

Demand StumblesDemand in the second-biggest gold consuming nation had bounced back in the first three months of 2021 from a more than two-decade low last year on softening gold prices and a sharp pick-up in economic activity. That recovery has faltered as surging infections force many states to impose lockdown-like curbs.“With the evolving on-ground situation and individual concerns, the overall sentiment in India is not favorable with customers hesitating to step out of their homes," Ramesh Kalyanaraman, executive director at Kalyan Jewellers India Ltd.

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A coronavirus-era simple wedding is not that simple when it comes to gold

Ernakulam: A few months ago, Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers, was pleasantly surprised to see an uptick in gold bookings, rather than a dull business, in one of his Kerala stores. This was one of the peak wedding seasons in the region but his stores were shut, much like any other businesses in the country, because of the coronavirus-induced lockdown.

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