Gold Price News: The prices of gold and silver continue to rise. Nothing can be said about when the gold rate will break. At present, the rate of 24-carat gold is above one lakh rupees. It has become tough for women to get gold jewellery made. Especially during the wedding season, the demand for gold and silver increases a lot. The festive season has now begun in the country. The jewellery market has been decorated all over the country.
Designer jewellery is also being launched one after the other. Nowadays, along with gold and silver, diamond jewellery is also in great demand. Market experts predict a surge in gold jewellery sales during the wedding and festival season. Silver prices are around a record high.
The fall in prices has reduced due to the increase in industrial demand for silver. The demand for silver has increased significantly due to the rise of electric vehicles, solar panels, and the festive season. The demand for silver jewellery has increased in rural and urban markets. The popularity of lab-grown diamonds is continuously growing. Prices of lab-grown diamonds became affordable. Jewellery purchases remained strong on online and omni-channel platforms.
What is the opinion of market experts?
According to an expert, gold and silver prices are likely to fall by 10% in the next 6-8 months. Jewellery purchases in India are expected to decline by 20% year-on-year this season.
Another expert states that silver is currently available in the physical market at around 1.13 lakh kg. Due to the festival season, physical demand for silver is expected to be strong, as good imports and robust demand are anticipated during the festive season.
(Disclaimer: The experts given here have their own personal views. Timesbull. Com is not responsible for this.