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Gudi Padwa jewellery sales flat; demand for gold coins surges

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 Gold prices have surged to nearly Rs 90,000 per 10 grams (excluding GST) in the physical market, leading to a noticeable decline in jewellery sales in Maharashtra/Goa during Gudi Padwa, a festival traditionally associated with gold purchases. Despite this, demand for gold coins as an investment remains strong, as consumers anticipate further price appreciation. Mumbai’s largest gold hub has observed a shift in consumer behavior toward gold coins and bars. Traders said  that buyers are purchasing gold coins with the expectation of future price increases.

As of Gudi Padwa, gold prices have reached nearly Rs 90,000 per 10 grams, making gold jewellery significantly more expensive. Higher prices have deterred traditional jewellery buyers, shifting demand towards investment-oriented purchases, such as gold coins. Industry experts anticipate that gold prices may continue to rise, reinforcing gold’s status as a long-term store of value.

Equal demand was observed between gold jewellery and investment-grade coins. Retailers introduced discounts and exchange offers, but high prices still impacted sales volume.Tier-2 cities experienced similar trends, with more gold coin buyers than jewellery shoppers. Lightweight jewellery, silver accessories, and gold-plated ornaments saw higher traction compared to heavy gold jewellery.

Global trade tensions and potential U.S. Fed rate cuts are boosting gold’s attractiveness as an investment. Investors are shifting towards gold due to its historical role as a hedge against inflation and economic instability The Indian Rupee’s performance against the U.S. Dollar is also a contributing factor to local gold price fluctuations.

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National News

Hari Krishna Exports Hosts Wellness Seminar To Promote Holistic Health

Over 650 Employees and Families Attend Session On Disease-Free Living and Preventive Healthcare In Mumbai

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Hari Krishna Exports reinforced its commitment to employee well-being by organising a health and wellness seminar titled “Master Your Health – Learn How to Live a Disease-Free Life in the Modern World.”

Held at Mukesh Patel Auditorium, Vile Parle (West), Mumbai, the session witnessed participation from over 650 employees and their family members, reflecting strong engagement towards healthier living and holistic well-being.

The seminar was conducted by Atul Shah, Naturopath and Founder of Ojas Life, who shared valuable insights on holistic lifestyle practices, natural prevention and reversal of lifestyle diseases, and achieving a balanced mind-body connection.

The event was graced by distinguished dignitaries, including Motilal Oswal, Chairman of Motilal Oswal Group; Madhusudan Agarwal; and representatives from the Consulate General of Uganda, among other notable guests.

The initiative aimed to create awareness around preventive healthcare and encourage sustainable lifestyle practices in today’s fast-paced world. The interactive session enabled participants to gain practical knowledge and adopt healthier daily habits.

Commenting on the initiative, Ghanshyam Dholakia, said:

“At Hari Krishna Exports, we believe true success is built on the well-being of our people and their families. This seminar is a step towards encouraging a preventive, mindful, and sustainable lifestyle.”

The event concluded with a wellness dinner hosted by Ojas Life, fostering community engagement and reinforcing the importance of mindful living.

Through such initiatives, Hari Krishna Exports continues to promote a culture of health, care, and holistic development for its employees and their families.

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