Jewelry Rate Check- If you are planning to buy jewelry this festive season, hold on for a second! The latest market rates might shock you. Gold prices have once again jumped high, reaching around ₹1.32 lakh per 10 grams, while silver has touched nearly ₹1.89 lakh per kilogram.
Yes, you read that right! These numbers are making many buyers think twice before walking into a jewelry shop. Let’s talk about what’s really happening in the market and why prices are behaving this way.
Gold Price Rising Non-Stop
Gold has always been considered a safe investment in India. From weddings to festivals, gold never loses its charm. But these days, the rate hike has left people confused.
One day the price drops slightly, and the next day it shoots up again. Experts say the global gold market and the weakening rupee are behind this sudden surge.
Investors around the world are turning towards gold for safety as international markets remain unstable. In India, this directly affects local buyers who now have to spend a big chunk of money even for small jewelry pieces.
Silver Turning Costly Too
Silver, once called the “poor man’s gold,” is no longer cheap. At ₹1.89 lakh per kilogram, it’s almost competing with gold in price hikes. Many jewelers say silver demand has increased during the festive season, and the supply chain is struggling to keep up.
This imbalance is one big reason behind the sudden jump. People who used to buy silver coins or small ornaments as gifts are now thinking twice. Even industrial demand for silver has grown, which has further tightened the market.
Should You Buy Now or Wait?
Now, this is the real question. Many experts believe prices might remain high till Diwali due to ongoing international tension and currency fluctuations. But there’s also a chance of a slight correction later.
So if you are buying for investment, maybe waiting a few weeks could be wise. However, if it’s for a wedding or special occasion, delaying might not help as prices could go even higher.
Final Thoughts
The jewelry market in India is buzzing with mixed emotions. While shop owners are happy with the rush, buyers are scratching their heads. So, before you take out your wallet, check the latest rates properly.
Gold at ₹1.32 lakh and silver at ₹1.89 lakh are no small numbers. Think smart, compare rates, and don’t let festive excitement burn a hole in your pocket.