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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

Celebrate Raksha Bandhan With Timeless Keepsakes From Candere By Kalyan

Indinoor Brings South Indian Heritage To Life With A Contemporary Temple Jewellery Edit Curated By Shanaya Kapoor

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Raksha Bandhan has always been about celebrating one of life’s most cherished bonds. From tying the rakhi and exchanging sweets to reliving childhood memories and sharing in playful sibling banter, the festival is filled with traditions that bring families together year after year. While the sacred thread remains at the heart of the celebration, the ways we express love and appreciation for our siblings continue to evolve, with thoughtful gifts becoming an integral part of the occasion.

This Raksha Bandhan, look beyond the rakhi with keepsakes designed to be treasured long after the festivities are over. Whether it’s a bracelet she can wear every day, a meaningful charm symbolising protection and good fortune, or a contemporary accessory that reflects his personal style, Candere by Kalyan presents a curated selection of jewellery that celebrates the enduring bond between siblings.

Here’s a curated edit

Lavish Platinum Flexi Bracelet

Crafted for the modern man, the Lavish Platinum Flexi Bracelet combines platinum and rose gold detailing with a sleek black steel flexi band. Its clean, contemporary design offers a refined balance of understated style and distinctive detailing, making it a versatile accessory for everyday wear and festive occasions. Designed for men who appreciate modern, sophisticated accents, the bracelet adds a polished touch to any look.

Pair it with a classic watch or wear it on its own with a kurta or linen shirt for a refined festive look. It also makes a thoughtful Raksha Bandhan gift for the brother who appreciates contemporary, timeless style.

Nairni Diamond Chain Bracelet

The  Nairni  Diamond  Chain  Bracelet  beautifully  combines  a delicate gold chain with a sparkling floral-inspired diamond motif at its centre. Feminine, lightweight and effortlessly elegant, it is designed to add just the right amount of brilliance to everyday looks  while  complementing  festive  ensembles  with  ease.   Its versatile design makes it a keepsake she’ll reach for long after Raksha Bandhan is over.

Pair it with other delicate bracelets for a layered look or wear it solo with a saree or kurta set for understated festive elegance. A meaningful   gift    for   the    sister   who’s    been    your   lifelong confidante.

Boxy Diamond Watch Stud

Minimal yet striking, the Boxy Diamond Watch Stud features a geometric square silhouette  highlighted with a  brilliant  round diamond   at   its   centre.   Designed   to   attach   effortlessly   to compatible watches or bracelets, it adds a refined accent that instantly  elevates  everyday  accessories.   Its  clean  lines  and contemporary aesthetic make it ideal for those who appreciate subtle luxury.

Gift  it  to  your  brother  as  a  sophisticated  Raksha  Bandhan keepsake that complements both festive and everyday dressing.

Hamsa Evil Eye Diamond Charm

The Hamsa Evil Eye Diamond Charm brings together two timeless symbols  of  protection—the   Hamsa   hand  and  the   Evil  Eye— accented with sparkling diamonds and vibrant enamel detailing. Thoughtfully crafted to be worn on a bracelet or chain, the charm represents positivity, good fortune and protection, making it a meaningful choice for Raksha Bandhan.

Style  it  on  a  charm  bracelet  or  pendant  chain,  or  gift  it  as  a heartfelt  reminder of the  promise to always  look out for one another.

Droplet Trinket Diamond Watch Stud

Elegant and contemporary, the Droplet Trinket Diamond Watch Stud  features   diamond-set   droplet   motifs   connected   by   a delicate  gold   chain.  Designed  to  add  a  distinctive  touch  to compatible watches, this  unique  accessory  brings  movement, sparkle  and  a  personalised  element  to  everyday  styling.   Its modern   silhouette   makes    it   a    statement    detail   without overpowering the overall look.

Pair it with a sleek watch for a contemporary finish or gift it to your  sibling  as  a  distinctive  keepsake  that  celebrates  your enduring bond.

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