As the price of gold reaches the sky, the jewelers' showroom in Ahmedabad is seeing less customers. Gold and silver are having a direct impact on the price hike. Advance booking usually occurred during the festive period this year.
Buyers' Roanak dropped
Gold prices have reached the highest level just before the Diwali festivals. Currently, 10 grams of 24 karat gold is priced at Rs. 1,20,000 has crossed. The wedding season is now set to begin in the days of reckoning, but before that the rising prices of gold have been in trouble. Due to the ever -increasing prices, the purchase of gold is becoming difficult for the general public, while the jewelers in the jewelers market are also declining.
In the last two years, gold has increased by an estimated 124 percent and silver 138 percent. On the rising prices of gold and silver, gold traders say that the demand for both metals is now gradually decreasing. Traders believe that the price will go away and where it will stable, it is becoming difficult to estimate.
Silver prices saw a decline
On Tuesday, October 7, the price of gold in the bullion market rose to a new record level with a rise of Rs 700. The price of 10 grams of gold has now reached Rs 1,24,000. According to the All India Bullion Association, 99.9% pure gold was priced at Rs 1,23,300 per 10 grams on Monday, October 6, and on Tuesday it increased to Rs 1,24,000. However, silver has seen a decline today. Silver closed at ₹ 1,57,400 per kg on Monday, down from ₹ 3,400 to ₹ 1,54,000 per kg on Tuesday.
