Gold jewellery demand is expected to improve in the domestic market in the last quarter of 2023 due to the festival season and wedding season. However, overall demand has been lower compared to last year due to factors such as weak monsoon and higher prices. The ongoing geopolitical concerns and factors like a slowdown in global growth and central bank buying are expected to support the current rally in gold prices. Silver has underperformed gold this year, and its investment demand has declined.