While the government continues to hope that
demand for gold will eventually fall as inflation heads lower, right now, Indian
brides are working up a huge appetite for the precious metal.
Manisha Mehta is one such lucky bride-to-be. She had initially planned to buy a heavily bejewelled gold choker chain, which would fit snug around the neck, comprising around 50 grams of gold. She has ended up purchasing a neck piece worth 85 grams of gold encrusted with five rubies.
"Gold is a must for every wedding. I have been saving away for two years for my wedding jewellery and was ready to buy it at any cost. The slump in price has helped me buy a better, bigger, more royal necklace, which is bound to attract everyone's attention at my wedding," said Manisha.
Though the wedding itself is in December, Manisha considers herself a very lucky bride to have managed to bag gold "at such a cheap rate".
"I have actually been steeling myself to shell out more for gold. Just two months ago, the price of gold had crossed $590 (Rs 32,00) per 10 grams. With the gold price slumping to around $460 (Rs 25,000), I decided to jump right in and made my purchase," she said.
Many like Manisha are making their gold jewellery purchases ahead of time. Jewellery store owners, too,Christian Dior homeelectricitymonitor High Quality Replica Bags, say the number of customers have risen massively, over the last couple of days.I assumed that all eight of you knew how to make the replicawatches00.
"We have had more than a 50% jump in customers flocking to our store this past two weeks, as compared to the usual days,Wholesale natural dragon veins agatebeads with high quality." said Jayeshbhai Sonkar, a bullion retailer.
Many like Sonkar say though the demand for gold is usually high during the wedding season in India, which will start from the end of this month, the slump in price has accelerated demand to new levels.
"The demand for gold has surged to around 50 kilo a day from 30 kilo earlier. I have run out of gold coins and bars. I am waiting for my next week's stock to come in," said Omprakash Bhalla, bullion retailer at Mumbai's Zaveri Bazaar.
Shree Riddhi Siddhi Jewellers owner Narendra Gupta said customers have been visiting his store even late in the evenings, when it is normally considered not such an auspicious time to buy gold. "All caution is thrown to the wind. People are buying jewellery like there is no tomorrow," he said.Learn how to make beautiful organza ownbobblehead.
Another 67-year-old businessman trader Mabil Abdul is delighted at the price fall. "My daughter is getting married only in end-July. As soon as we came to know the price of gold had started sliding, we decided to buy. We have added three extra neck pieces and chains and four bracelets to our list, which were not on the agenda. We had to buy gold anyway, which is a must for an occasion like marriage. Not only have we advanced our shopping because gold has become cheaper, we have also added to our list of items," he said.
The timing could not be better, especially in a country like India. Traditionally,The only wireless portable energymonitor showing both electricity generated and used. from end-April to June, most gold jewellery purchases are made ahead of the wedding season when brides are customarily given gifts of gold.
With gold prices expected to go down further, retailers are intent on stocking up their stores with more gold pieces, eager to help brides and women in their purchase of the favoured metal. Most traders however, insist that gold prices are set to climb nearer Diwali, India's festival of lights, when prices could escalate to even 645.25 (Rs 35,000) from the current $470 for ten gram.
Manisha Mehta is one such lucky bride-to-be. She had initially planned to buy a heavily bejewelled gold choker chain, which would fit snug around the neck, comprising around 50 grams of gold. She has ended up purchasing a neck piece worth 85 grams of gold encrusted with five rubies.
"Gold is a must for every wedding. I have been saving away for two years for my wedding jewellery and was ready to buy it at any cost. The slump in price has helped me buy a better, bigger, more royal necklace, which is bound to attract everyone's attention at my wedding," said Manisha.
Though the wedding itself is in December, Manisha considers herself a very lucky bride to have managed to bag gold "at such a cheap rate".
"I have actually been steeling myself to shell out more for gold. Just two months ago, the price of gold had crossed $590 (Rs 32,00) per 10 grams. With the gold price slumping to around $460 (Rs 25,000), I decided to jump right in and made my purchase," she said.
Many like Manisha are making their gold jewellery purchases ahead of time. Jewellery store owners, too,Christian Dior homeelectricitymonitor High Quality Replica Bags, say the number of customers have risen massively, over the last couple of days.I assumed that all eight of you knew how to make the replicawatches00.
"We have had more than a 50% jump in customers flocking to our store this past two weeks, as compared to the usual days,Wholesale natural dragon veins agatebeads with high quality." said Jayeshbhai Sonkar, a bullion retailer.
Many like Sonkar say though the demand for gold is usually high during the wedding season in India, which will start from the end of this month, the slump in price has accelerated demand to new levels.
"The demand for gold has surged to around 50 kilo a day from 30 kilo earlier. I have run out of gold coins and bars. I am waiting for my next week's stock to come in," said Omprakash Bhalla, bullion retailer at Mumbai's Zaveri Bazaar.
Shree Riddhi Siddhi Jewellers owner Narendra Gupta said customers have been visiting his store even late in the evenings, when it is normally considered not such an auspicious time to buy gold. "All caution is thrown to the wind. People are buying jewellery like there is no tomorrow," he said.Learn how to make beautiful organza ownbobblehead.
Another 67-year-old businessman trader Mabil Abdul is delighted at the price fall. "My daughter is getting married only in end-July. As soon as we came to know the price of gold had started sliding, we decided to buy. We have added three extra neck pieces and chains and four bracelets to our list, which were not on the agenda. We had to buy gold anyway, which is a must for an occasion like marriage. Not only have we advanced our shopping because gold has become cheaper, we have also added to our list of items," he said.
The timing could not be better, especially in a country like India. Traditionally,The only wireless portable energymonitor showing both electricity generated and used. from end-April to June, most gold jewellery purchases are made ahead of the wedding season when brides are customarily given gifts of gold.
With gold prices expected to go down further, retailers are intent on stocking up their stores with more gold pieces, eager to help brides and women in their purchase of the favoured metal. Most traders however, insist that gold prices are set to climb nearer Diwali, India's festival of lights, when prices could escalate to even 645.25 (Rs 35,000) from the current $470 for ten gram.
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