Customers Throng Jewellery Shops to Buy Gold for Weddings

Someshwarnagar: After Tulsi marriage, the focus is on the marriage of the upavaras of the house. As its muhurat is also starting now, there is a rush in the jewellery shops to buy jewellery.

In the meantime, now the price of gold and silver is decreasing, which is giving some relief to the people. Apart from this, citizens are also increasingly inclined to register jewellery in advance.

It is felt that the prices of gold and silver increase during Diwali and wedding season. According to this, the price of 24-carat gold had gone up to Rs 80,000. But now, during the wedding season, prices are dropping a bit.

Gold was bought on Diwali but due to the rise in the prices of gold and silver, people had decided to stop with their hands tied. On Diwali, 24-carat gold crossed rs 80,000 and silver crossed Rs 1 lakh mark.

After a 15-day fall, 24-carat gold fell to Rs 74,300, 22-carat gold to Rs 68,900 and silver to Rs 89,000 on Friday. This creates an opportunity for homeowners and investors.

Kiran Alandikar, president of Western Maharashtra, India Bullion Jewellers Association, said, "Gold and silver prices depend on international demand, supply, geopolitical tensions, inflation, currency fluctuations, US Federal Reserve Bank interest rates, etc.

Now that the ceasefire has been reached, the price of gold and silver is likely to come down. Still, prices could rise again in the coming months as the U.S. Federal Reserve is expected to cut interest rates further next month.

As a result, the trend of buying and registering gold in advance has increased for families who have decided to marry. Silver is also rising."