Gold remains down, Automobile sales accelerate, post flood impact

One year after the floods, it has been a mixed set of performance witnessed by various business segments in the Valley during this period. While the jewellery sales mostly remained low, the floods came as a blessing in disguise for the auto-mobile sector, especially car segment where the business has gone up because people opted for car exchange in lieu of their damaged vehicles. GOLD BUSINESS Bashir Rather, President, All Kashmir Gold Association says that gold sales have witnessed a negative 15 – 20 per cent growth since September last…

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