Wedding Bells and Gold Rush: Prices Soar to Rs 91,000/10g

Indian gold prices have touched an all-time high of Rs 91,000 for 10 grams due to heightened demand during the wedding season and international market trends. This rise is specifically observed in Nashik and Jalgaon, which are famous for the purity and workmanship of gold. The prices being steep, consumers are still not deterred since gold is regarded as a valuable asset and an essential part of Indian weddings. The global economic turmoil and trade war have further encouraged the increase in the price of gold, turning it into a popular safe-haven asset. As the marriage season is in full swing, jewellers predict the prices going even higher, with most buyers preferring high-end products irrespective of the price tag.

Source: Times of India