Bengaluru, Aug. 7 -- High gold prices briefly slowed demand for plain gold jewellery towards the end of July as consumers waited for prices to settle, but overall business remained positive, Titan managing director Ajoy Chawla said on Friday.

"July also is not bad," Chawla said during the company's post-results analyst call, adding that he was seeing "a certain positivity" over the past four months. Demand picked up over the past two to three days as consumers returned to the market.

Demand had been temporarily affected for around three weeks in May after the government raised customs duty on gold and because of Adhik Maas, an extra lunar month in the Hindu calendar that occurs roughly every 2.5-3 years, during which many people traditi...