Gold Jewellery: The fondness that Indians have for gold jewelery is probably not seen in any other country in the world. Indian women especially have a tendency to buy gold jewellery. However, the impact of the continuous rise in gold prices in the country is being seen on this trend. The reason behind this new trend is considered to be the rapidly increasing prices of gold and customers are continuously coming to the bullion market who are making special demands.
Today again a huge rise in gold was seen
At the time of opening of today’s trade on Multi Commodity Exchange, an increase of Rs 807 was seen in gold and it came at the rate of Rs 76809 per 10 grams. On MCX, silver was also seen trading at the level of 89570 with a rise of 1.32 percent.
What is the demand of customers in the bullion market?
Although the trend of making new gold ornaments by melting old gold ornaments is not new, but now a huge increase is being seen in this work. This is happening because after the huge rise in gold prices in the country, customers are left with very few options to buy new gold jewellery.
Trend of exchanging old jewelery for heavy gold jewelery increased
Jewelery buyers have found a way to avoid spending heavily on heavy gold jewelery and its effect is also being seen on the trend of the country’s bullion market. The trend of melting the old gold jewelery kept in homes and making and buying new jewelery on the basis of their high value has increased. Apart from this, light modern gold jewelery is being purchased which women generally wear on daily basis and can wear to office etc.
What did jewelers tell about this trend?
Regarding this ‘old to new jewellery’ trend, jewelers said that there are a large number of customers who are making new jewelery from old jewellery. Experts also say that this trend is seen in the bullion market across the country and the reason behind it is the wildly rising prices of gold. People need to make purchases during the wedding season and gold is being purchased more in this manner.
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