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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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Hari Krishna Group Celebrates International Yoga Day 2026 With Over 8,300 Participants Across India, Reinforcing Its Commitment To Employee Well-Being

More Than 8,300 Employees Across Surat and Mumbai Joined Yoga Day Celebrations, Reflecting HK’s Strong Focus On Health, Mindfulness and Workplace Well-Being.

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Hari Krishna Group (HK), one of the world’s leading natural diamond manufacturers, celebrated International Yoga Day 2026 with the participation of over 8,300 employees across its Surat and Mumbai (SEEPZ & BKC) offices, reaffirming its commitment to employee health, mindfulness, and holistic well-being.

More than 6,000 employees gathered at the Surat headquarters, while 2,300 employees participated in Mumbai, practicing yoga under the guidance of expert instructors. Colleagues from HK’s international offices also joined virtually, reflecting the company’s global culture of wellness and unity.

At HK, wellness is a way of life rather than a one-day celebration. Along with celebrating Yoga Day every year, the company regularly conducts yoga sessions, daily Anapana meditation after lunch, health check-ups, blood donation drives, marathons, and other wellness initiatives that encourage employees to lead healthier and more balanced lives.

These initiatives are aligned with United Nations Sustainable Development Goal 3 – Good Health and Well-Being and form an integral part of HK’s ESG commitment to creating a healthier, safer, and more sustainable workplace.

Message from the Founders

“At Hari Krishna Group, we have always believed that our employees are our greatest strength. Their health and well-being remain at the heart of everything we do. Yoga is not just an annual celebration but a lifelong practice that promotes discipline, balance, and inner peace. Through regular yoga sessions, meditation, and wellness initiatives, we are committed to creating a workplace where every individual can thrive physically, mentally, and emotionally. A healthy team builds a stronger organization and a better society.”

Hari Krishna Group extends its sincere gratitude to all employees, yoga experts, industry guests, and well-wishers who joined the celebrations and supported the vision of a healthier future.

Surat: https://photos.app.goo.gl/DuMfMrfWZvSk7wLq8

Mumbai: https://photos.app.goo.gl/QR2Xevmd3GW9LXGo9

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