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Consumer staples companies have struggled to maintain volume growth momentum during the last two years, largely due to external challenges such as erratic monsoons and high inflation, which severely dampened consumption in the mass segment
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China's central bank paused gold purchases to its reserves in May, when spot gold prices hit a record high, after 18 months of consecutive buying
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The rating agency asserted that the projected revenue would be driven by higher realisations stemming from elevated gold prices, while volume remains steady
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