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Reliance Jewels Reports 52% Jump in Average Bill Value Amid Rising Gold Prices

Reliance Jewels’ Old Gold Exchange Fuels Major Revenue Growth Despite Gold Price Hitting $1,27,851 per 10g

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Reliance Jewels has recorded a 52% increase in Average Bill Value despite volatile gold prices, driven significantly by its old gold exchange program. Over the past six months, gold prices have surged nearly 30% due to global uncertainties, tariffs, and trade tensions, with the price standing at Rs 1,27,851 per 10g as of October 17.

The contribution of old gold exchange rose to 32.5%, up from 21.9% last year, reflecting strong customer preference for trading in pre-owned gold.

Apart from jewellery, Reliance Retail Ventures Limited (RRVL) reported Q2 FY26 revenue of Rs 90,018 crore, marking an 18% year-on-year growth. This was fueled by robust festive season sales, with the Grocery and Fashion & Lifestyle segments growing 23% and 22% YoY, respectively.

Speaking on the results, Isha Ambani, Executive Director, said:
“We consistently innovate, from curating new collections to creating campaigns that connect with today’s Indian consumer. Our focus remains on building brands that inspire and resonate across India.”

RRVL expanded its store network by 412 outlets, bringing the total to 19,821 stores with 77.8 million sq. ft. of operational area. The company’s registered customer base grew to 369 million, with JioMart adding 5.8 million new customers, a 120% quarter-on-quarter growth rate.

This performance underscores Reliance Jewels’ ability to drive premiumisation and festive demand, even amid gold market volatility.

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Candere expands Karnataka presence with Kengeri store opening

Lifestyle jewellery brand by Kalyan Jewellers strengthens Bengaluru footprint with modern retail experience and launch offers up to ₹35,000 off per carat.

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Candere, the lifestyle jewellery brand by Kalyan Jewellers known for its modern and trend-led designs, has expanded its retail presence in Karnataka with the launch of its newest store in Kengeri, Bengaluru. This new addition further reinforces the brand’s commitment to offering accessible, stylish, and contemporary jewellery for today’s discerning customers.

The Kengeri store represents Candere’s continued expansion in Karnataka, bringing its curated jewellery experience to one of the city’s rapidly developing residential and commercial neighbourhoods. The expansion strengthens the brand’s presence in key urban markets, catering to the growing demand for modern, design-led jewellery. Thoughtfully designed, the Kengeri store offers a contemporary retail environment complemented by personalised in-store assistance, reflecting Candere’s commitment to elegance, innovation, and an elevated shopping experience.

Known for its lightweight, versatile, and trend-forward jewellery, Candere appeals to Gen Z, working professionals, and style-conscious individuals looking for contemporary designs at accessible price points starting from Rs.10,000. Each piece is designed to help customers express their personal style through contemporary jewellery that blends seamlessly into everyday life.

To mark the launch of its new store, Candere is offering special promotions: Get up to Rs.35,000 off per carat + Rs.850 off per gram on making charges.

With the launch of its store in Kengeri, Candere continues to strengthen its omni-channel presence, integrating its digital expertise with a growing physical retail network. Supported by the heritage and trust of Kalyan Jewellers, the brand continues to enhance the jewellery-buying journey with a focus on transparency, ease, and customer relevance.

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