 "People's rush at Jewelry Shop on the occasion of Dhan Teras in New Delhi. Photo: Dalip Kumar.")
Samvat 2073 was a disappointing year for both gold consumers and jewellers. While gold imports grew year-on-year, the environment was quite challenging. On the positive side, however, as the year comes to an end the bullion industry has undergone a transformation and is in a much better shape than it was earlier this year.
In the last five Samvat years, except last year, gold has not performed well for investors. Investors made losses if they had bought gold around Diwali time. Even average gold prices for the last six years have remained almost static.
Meanwhile, despite the two disruptions – note ban
