New Delhi [India], November 8 (ANI): Urban spending is expected to witness a broader revival through the third quarter of financial year 2026 (FY26), with discretionary categories such as jewelry showing resilience and supply-side disruptions gradually easing.

After a sluggish first half of FY26, urban consumption is showing signs of revival, according to market intelligence firm Motilal Oswal.

"With discretionary categories like jewellery gaining momentum and supply disruptions easing, we expect urban spending to revive in 3QFY26," the report said.

The recovery, which began in late September 2025, has sustained momentum through October, even as elevated gold prices failed to dampen consumer appetite for precious metals.

Urban consumption--tracked through nine proxy indicators--grew

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