Sutanuka Ghosal is a journalist for The Economic Times, focusing on national news in India. She covers a wide range of topics including finance, commodities, and economic trends. With a keen interest in the business sector, Sutanuka provides insightful analysis and updates on the Indian economy.
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India (National)
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Sutanuka Ghosal's coverage concentrates on the national finance, economy, and agriculture sectors in India. She frequently cites data and provides investment analysis as well as industry-specific announcements. To effectively engage with her, consider offering expert perspectives on financial trends or agricultural developments within India. Additionally, providing unique insights into investment opportunities or market shifts would likely capture her interest.
Given Sutanuka's focus on business and economic themes such as investments, sales & marketing, it would be beneficial to align pitches with these areas while also considering the specific Indian context for relevance.
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By: Sutanuka Ghosal
Investment demand for gold bars and coins remains strong during the festive season, partly fuelled by the rise in gold prices and expectations of further increases.
By: Sutanuka Ghosal
India's leading jewellers foresee a 15-20% drop in gold demand this Diwali-Dhanteras due to high prices nearing ₹81,000 per 10g. Companies are introducing offers such as free cars, smartphones, and gold rate protection plans to attract customers despite the subdued market conditions.
External Affairs Minister S. Jaishankar has pledged support to gem and jewellery exporters to boost exports amid shrinking American markets and global demand fluctuations. He emphasised industry-government collaboration and highlighted discussions on strategic policies to counteract declining Indian exports and G7 sanctions' impact.
By: Sutanuka Ghosal
Gold prices went up by Rs 500 per 10 gm in the physical market today, a day ahead of Dhanteras, dampening the mood of consumers even though jewellers felt that the sales would be strong.
Synopsis Potato prices are expected to stay high until December due to delayed sowing in Uttar Pradesh caused by untimely rains. In addition, Cyclone Dana has damaged paddy crops in West Bengal and Odisha, driving rice prices up by 15% after the removal of export curbs. New potato crops will only reach the market by early December, maintaining high prices.
By: Sutanuka Ghosal
All India Gem and Jewellery Domestic Council (GJC) has advised its members to ensure proper documentation for smooth movement of goods during the upcoming Maharashtra election. This includes gems, jewellery, bullion, and related items. Jewellers are urged to work with local authorities and follow all guidelines to prevent disruptions.
Jewellers report a 10-15% drop in gold demand by volume this Dhanteras. Consumers prefer lightweight and diamond-studded jewellery. Despite this, value sales of gold rose by up to 25%, helped by high prices. Silver jewellery demand increased by 30-35%. Young buyers returned to stores, attracted by high returns on precious metals.
There has been a 10-15% year-on-year drop in jewellery and gold demand by volume this Dhanteras, according to initial estimates, with consumers mostly purchasing light-weight and diamond-studded jewellery even as the young crowd returned to retail outlets, leading jewellers said.
By: Sutanuka Ghosal
Indian consumers bought 51% more gold than China from July to September, driven by increased purchases of coins and bars, following a drop in import duty. India's gold demand reached 248.3 tonnes, an 18% year-on-year rise, with investment demand up by 41%, setting a high since 2012.
By: Sutanuka Ghosal
India's diamond industry, centered in Surat, is facing a month-long shutdown due to weak demand from the US and China. The prolonged closure, unprecedented even during past recessions, has sparked job cut fears among workers. Industry leaders hope for a US economic revival and are launching campaigns to regain Chinese customers who have shifted towards gold.
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