
old and silver prices are slipping, raising questions about gold financing and jewellery stocks ahead of the festive season. The discussion examines competitive intensity, possible rate hikes, borrowing costs and their impact on gold finance companies, with investors advised to wait for Q2 numbers before taking fresh positions. Sunny Agrawal, DVP, Head of Fundamental Desk, SBI Securities, shares insights on the jewellery space, including B2B and B2C business models. The conversation highlights Sky Gold’s asset-light model, brand diversification and improving cash-flow potential.