The entire budget was disturbed by the rising price of gold during the wedding season

Gold Prices: Gold prices in the country are continuously increasing. On April 22, the price of gold crossed the figure of Rs 1 lakh per 10 grams for the first time. After this, even though the prices of gold have decreased, but on Tuesday 29 April, the price of gold has increased by about 400 rupees as compared to Monday 28 April. There is also Akshaya Tritiya on 30 April from above. In such a situation, in the month of May in the month of May, people have started worrying that if most of the budget for marriage will be spent in buying jewelry, then how will the rest of the expenses be managed.

Impact on the budget of weddings

Let us know that 15 days are auspicious for marriage in the month of May. Usually a normal Indian wedding costs an average of 5 lakh to 20 lakh rupees. This includes the costs from cards to the venue and its decorations, clothes, catering. In such a situation, the marriage budget is being affected due to the rise in gold prices. In such a situation, many people are cutting their expenses on jewelry or buying new jewelry by changing old jewelery. In such a situation, the purchase of old gold may be encouraged, but the demand for new gold is decreasing.

Recycling of old jewelry

Sanjay Kothari, a member and jeweler of the Bombay Bullion Association, said that in this season of marriage, 80 percent of the customers are getting old jewels, in which they have to pay only making charge. People are also melting gold coins or bar and making jewelry. In this inflation, only high income people are seen shopping.

Shopkeepers also upset with customers

Talking to the news agency PTI language, Rupa of Noida said, “The daughter is married in November and suddenly the price of gold has increased so much that now it is not understood how gold will be purchased?” Since gold is part of a tradition in Indian weddings, some women believe that despite the increase in prices of gold, some purchases are necessary. Even if you buy 5 grams of gold instead of 10 grams.

Shopkeepers also have wrinkles on the forehead of gold record high price. They say that the customers are coming, but they are returning after asking the price. In such a situation, there has been a huge decline in shopping. According to Indian Bullion Association, 10 grams 24 carats in India today gold price It is Rs 96,320.

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