41st Indian Gem and Jewellery Awards honours gem and jewellery industry

Indian Gem and Jewellery Awards acknowledges various initiatives, innovations, and milestones and hardwork of fellow people of industry.

Post By : IJ News Service On 31 January 2015 11:07 PM
There has been a high propensity to purchase silver coins this year on Dhanteras, reports say. Traditionally, Indians purchase gold / silver coins on the festive day to mark the new beginning of auspiciousness and prosperity which leads into the Diwali celebrations. Gold has been the traditional symbol of auspiciousness, but this year silver coins were in high demand, owing to the rising gold prices, as reports say. %% Consumers sought to expressing their ‘welcome of prosperity’ through silver coins. Silver prices reached Rs.40,000 per 1000 grams, following the heightened demand. %% Gold purchase was seen in the form of coins and objects, but in lesser volume, as the rising prices have kept consumers cautious. Riding on high prices as Rs.20,120 per 10 grams in the last two weeks, gold prices have reached Rs,19,740 per 10 grams, a price level which still has consumers remain cautious. Although, retailers are optimistic that with the increasing purchasing power, gold demand is expected to be good.

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