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Make #PehlaCheckIAGES Your Mantra for Buying Gold This Akshaya Tritiya

As Consumers Prioritise Trust and Transparency, IAGES Urges Buyers to make Informed Gold Purchases with its #PehlaCheckIAGES Initiative This Akshaya Tritiya

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On Akshaya Tritiya, buying gold for Indians represents everlasting prosperity, good fortune and auspicious new beginnings. For consumers, this occasion is a special and deeply personal experience, one that should not be marred in any way because of a lack of trust in their jeweller. Among the biggest concerns that gold buyers have on occasions like these, as well as during festivals and weddings, is whether the gold that they are buying is responsibly sourced and manufactured and whether their retailer is truly trustworthy, following all the rules to ensure a safe and transparent shopping experience.

In an age where informed purchase decisions are a norm among evolved consumers, quality, transparency, and ethical sourcing by gold businesses are a standard ask. This Akshaya Tritiya, consumers should adopt a new life-long mantra whenever they step out anywhere in the country — Before you buy gold, #PehlaCheckIAGES.

Building trust through a unified gold ecosystem

The Indian Association of Gold Excellence and Standards (IAGES) is a self-regulatory organisation (SRO) established by and for the gold industry to standardise credibility and ethical practises followed by gold businesses across their value chain. IAGES is committed to creating a transparent, ethical, and accountable gold ecosystem across India by enabling refineries, bullion traders, manufacturers, hallmarking centres, digital gold sellers, and retailers to adhere to a standard Code of Conduct on the receipt of an IAGES accreditation.

Why an IAGES accreditation is a badge of honour

Your gold retailer receives an IAGES-accreditation only after he has been assessed and evaluated by a neutral third party on his best practices in sourcing, operations, and customer dealings and cleared this stringent assessment process. For consumers, shopping from an IAGES-accredited retailer means peace of mind, confidence and trust, with this badge of honour assuring them of ethical sourcing, transparent pricing and standardised operations being followed. For retailers, it wins them an earned trust as well as long-term customer relationships in an increasingly competitive market.

A strong and growing nationwide network

In a short span of time, IAGES has successfully filled in the gap in India’s gold sector, evident by the rapidly expanding IAGES network that stands at 550+ accredited partner outlets today across India. By placing their faith in the IAGES process of accreditation, India’s gold businesses stand aligned and united in achieving the highest standards of transparency and accountability, and elevating India’s gold industry to its global equivalents in the developed world. Some of India’s leading gold entities are IAGES-accredited.

In North IndiaBawa Jewellers, Talla Jewellers, Hazoorilal Jewellers, Gandaram and Sons Jewellers Pvt Ltd
In South IndiaNikhaar Jewels, Jos Alukkas, GRT Jewellers, Pothys Swarna Mahal Jewellers
In East IndiaSenco Gold & Diamonds, Orient Jewellers, Indian Gem & Jewellery Creation Pvt Ltd
In West IndiaPNG Jewellers, Waman Hari Pethe Jewellers, Kalamandir Jewellers, Lagu Bandhu, KRA Jewellers

With Akshaya Tritiya approaching, this year the focus shifts from impulse buying to informed decision-making. Buyers don’t just seek beautiful jewellery; they demand assurance, authenticity, and transparency. IAGES’ ongoing consumer awareness initiative‘Before you buy gold, #PehlaCheckIAGES’ — plays exactly to this mindset, encouraging consumers to take the reins in their hands by taking a confident first step of checking the accreditation of their retailer for a smooth and stress-free gold-buying experience.

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National News

India’s Major Retail Jewellery Players Made A Strong Start To FY27

The Common Drivers Are Clear: Strong Same-Store Sales, Fast Store Expansion, Premiumisation, and A Better Product Mix.

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India’s organised jewellery retailers have made a strong start to FY27, with Kalyan Jewellers, P N Gadgil Jewellers and Titan Company all showing that branded players can still grow quickly even in a record gold-price environment. The common drivers are clear: strong same-store sales, fast store expansion, premiumisation, and a better product mix.

Kalyan’s broad-based growth

Kalyan Jewellers reported about 38% consolidated revenue growth in Q1 FY27, with India operations also rising by more than 38% despite the 28-day Adhik Maas period, which usually softens wedding-related demand. Same-store sales growth was around 28%, showing that existing stores remained the main engine of momentum. Candere was a standout, posting about 112% growth, while Kalyan added 12 Kalyan showrooms and five Candere outlets during the quarter.

The company also highlighted a shift toward recycled gold through its “Shine with India” campaign, with recycled gold contributing more than 46% of revenue in Q1 and over 55% in June. That suggests Kalyan is not only growing demand but also improving sourcing efficiency at the same time.

PNG’s premium mix

P N Gadgil Jewellers reported 41% year-on-year revenue growth in Q1 FY27, with retail revenue up 56% and same-store sales up 46%, which points to very strong productivity at existing stores. Retail now contributes roughly 78% of revenue, while franchise and e-commerce also expanded healthily. The company’s retail stud ratio increased to 10.9%, indicating improving demand for studded jewellery and a higher-value product mix.

PNG also noted that newer stores in North and Central India are already showing higher studded jewellery penetration than its traditional Maharashtra and Goa markets. That matters because it signals that the brand is successfully taking its premium assortment to new geographies, not just expanding store count.

Titan’s steady momentum

Titan’s jewellery business also continued to grow strongly, with domestic jewellery operations rising around 18% to 39% depending on the business-update frame reported, supported by Akshaya Tritiya demand and healthy early-quarter buyer traffic. Titan said consumers increasingly preferred lightweight and lower-karat jewellery as gold prices climbed, while plain gold jewellery grew in the mid-teens and studded jewellery delivered early double-digit growth. Tanishq’s like-to-like sales grew in early double digits, and CaratLane also posted healthy double-digit like-to-like growth.

Titan expanded its jewellery network by adding 19 net stores in the quarter, including Tanishq, Mia and CaratLane outlets. That reinforces the same theme seen across the sector: scale, distribution and brand trust are helping large organised players win share.

What it means

The quarter suggests that high gold prices are changing what consumers buy, not whether they buy. Buyers are shifting toward lighter designs, lower karatage, studded jewellery and branded channels, which helps organised retailers defend growth even when raw material prices are elevated. In that setting, store expansion and premiumisation are offsetting pricing pressure, while digital channels and recycled-gold initiatives are adding another layer of resilience.

For the upcoming festive and wedding season, the sector appears well positioned, especially if gold prices stay volatile but not sharply disruptive. The strongest signal from these updates is that organised jewellery retail is gaining share from unorganised players rather than simply riding higher ticket values.

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