Gold and silver prices increased by Rs 1,000 in Ahmedabad gold-silver market on Tuesday.
A day before Akhtaria, consumers were disappointed with the rise in the prices of both metals. Akshaya wants to buy gold on the auspicious occasion of Tritiya… but customers are retreating due to the price. To maintain the auspicious time of Akhtriya, buying a little gold will be satisfied. The rising price of gold has cooled the jewelery market. Last year, on Akhtriya Day in 2024, 10 grams of gold of 24 carat was Rs 73,300. Which has increased by Rs 25,700 to Rs 99,000 this year! Last year, where the price of one kg silver was Rs 86,500, now it has increased by Rs 11,500 to Rs 98,000! Consumers are surprised this year as gold and silver prices have increased manifold during Akhtriya.
Experts estimate that gold procurement in the market has declined by 60 percent since the gold affection has crossed the price. The price of gold has also spoiled the wedding budget. People are now wearing silver jewelery. Gold rose by $ 22 to $ 3,310 an ounce in the global market. While silver increased by 25 cents to $ 33.29 an ounce. Meanwhile, the June delivery gold futures fell by Rs 699 to Rs 95,326 per 10 grams. May futures contract in silver increased by Rs 572 to Rs 97,036 per kg. Gold fell by $ 24.20 to $ 3,323.50 an ounce in the comex market. While comex silver increased by 2.50 cents to $ 33,255 an ounce. The rising price of gold has worsened the condition of the jewelery market. According to Jewelers located at CG Road, customers are not getting attracted despite attractive schemes of 10 to 50 percent discount on jewelery labor. Only on the day of Akhaathada will be known how this year’s Akhathada will be for trade.
