Gold Price: This year’s festive season is expected to be the best. This time sales are expected to increase by 35%. Jewelers are ready with many types of offers.
If you are planning to buy gold in this Dussehra-Diwali or wedding season, then there is good news for you. There will be a great opportunity to buy gold during this festival. Jewelers are giving you bumper offers this time. Know whether gold will be expensive or cheap during the festive season, what are the preparations.
Dinesh Jain, director of All India Gems Jewelery (Domestic) Council, said that this year’s festive season is expected to be the best. This time sales are expected to increase by 35%. Jewelers are ready with many types of offers. Work on the order and design has been going on for 3 months.
Will prices increase?
Will gold prices increase during the festive season? On this, Jain said that the price of gold may increase in the next few days, but the price is expected to remain in the range during the festival. He said that this is the best time for shopping. When the price of gold increases, the exchange also increases.
On hallmarking, he said that people are taking new designed and hallmarked gold in place of old gold. The industry is with the government on hallmarking. A presentation has been sent that the date option should be removed in Hallmarking and there is also a need to increase more centres.
What are the prices of gold?
If we look at the rates of IBJA, on Wednesday, gold of 999 purity was priced at Rs 57,800 per ten grams, 995 gold at Rs 57,628, 916 gold at Rs 53,000, 750 gold at Rs 43,395, 585 gold at Rs 33,848 per 10 grams.