Bengaluru, Nov. 5 -- Titan Co. Ltd, the country's largest jewellery retailer by revenue, expects sales momentum to continue into the wedding season after a strong festive demand boosted its second-quarter earnings despite elevated gold prices.

Gold prices scaled record highs this year amid global economic uncertainty, and geopolitical tensions, fuelling demand for safe-haven assets. In India, 24-carat gold (the purest form of gold) prices have risen about 25% this year, peaking at nearly Rs.1.33 lakh per 10 grams in mid-October. However, rates have since cooled by around 6%, bolstering expectations for strong jewellery sales in the wedding season.

"Jewellery demand has remained resilient despite the sharp rise in gold prices," Arun Nara...