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Appreciation in the rupee and a correction in gold prices ahead of the Akshay Tritiya brought a degree of relief for the jewellery sector as footfall at stores surged and demand improved in the evening. The demand is now seen down 20% on year compared with an earlier estimate of a 40?ll in volume term after the yellow metal prices stabilised around INR 94,000-INR 95,000 per 10 gram in the domestic market.
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