Page 34 - Bullion World Volume 4 Issue 7 January 2024
P. 34
Bullion World | Volume 4 | Issue 7 | July 2024
From where do you buy silver? Retailers' Insights
• 90% purchase silver from bullion dealers. From which state are you from?
• A smaller percentage buy from banks. • 18.5% of the retailers were from Karnataka
• 14.8% were from Rajasthan
• 14.8% were from Gujarat
• 14.8% were from Tamil Nadu
• 11.1% were from Telangana
• 11.1% were from Andra Pradesh
• 7.4% were from Jharkhand
• 3.7% were from Kerala
• 3.7% were from Maharashtra
Graph: Silver Procurement Sources
Are you aware of the UAE-CEPA agreement and
silver duty concession availed?
• 66.7% are unaware of the UAE-CEPA agreement
and the silver duty concession.
• 33.3% are aware of these benefits.
Do you have a dedicated silver showroom?
• 81.5% of retailers have dedicated silver showrooms.
• 18.5% do not have dedicated silver jewellery
showrooms.
Graph: Awareness of UAE-CEPA Agreement
and Silver Duty Concession
What denominations of silver do you buy the most?
Graph: Presence of Dedicated Silver Showrooms
• Manufacturers typically buy 30 kg silver bars, with
some purchasing 5 kg bars. What percentage of silver jewellery sales is to
overall sales?
• 63% report that silver jewellery sales constitute more
than 50% of their total sales.
• 22.2% say silver jewellery sales account for 20-50%
of total sales.
• 14.8% have less than 20% of their sales from silver
jewellery.
Graph: Silver Bar Purchasing Patterns Graph: Contribution of Silver Jewellery Sales to Total Sales
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