National News
Gudi Padwa jewellery sales flat; demand for gold coins surges
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.
National News
VBJ To Host Its First-Ever Exclusive Jewellery Exhibition In Mettupalayam
~ A Specially Curated Showcase Of Timeless Gold, Diamond, and Solitaire Collections ~
VBJ, Vummidi Bangaru Jewellers, India’s most trusted heirloom jewellery brand, is set to host its first-ever exclusive jewellery exhibition in Mettupalayam on 19th & 20th June at Hotel EMS Mayura, 212, Coimbatore Road, Mettupalayam – 641301. The two-day showcase will offer customers in and around the region a unique opportunity to experience VBJ’s celebrated collections without having to travel to larger cities.
The exhibition will feature a thoughtfully curated range of gold, diamond, and solitaire jewellery, including bridal collections, contemporary designs, necklaces, bangles, earrings, rings, lightweight jewellery, and statement creations. Each piece reflects VBJ’s legacy of design excellence, artistry, and timeless elegance, catering to both traditional and modern jewellery preferences.
Speaking about the exhibition, Amarendran Vummidi, Managing Partner, VBJ, said:
“We are delighted to bring the VBJ experience to Mettupalayam for the very first time. Tamil Nadu has been an integral part of our 125-year journey, and we believe customers across the state deserve access to the finest jewellery collections and personalised service that define VBJ. We look forward to meeting customers in Mettupalayam and presenting designs that celebrate both heritage and contemporary aesthetics.”
Adding to this, Jithendra Vummidi, Managing Partner, VBJ, shared:
“Jewellery preferences are evolving, with customers seeking pieces that are versatile, meaningful, and design-led. This exhibition has been curated to reflect these changing aspirations, offering everything from traditional bridal jewellery to contemporary creations that suit modern lifestyles.”
As a fifth-generation family-run brand, VBJ takes immense pride in its legacy as the creator of the historic Sengol (sceptre) – a sacred symbol of India’s democratic journey. Rediscovered after 72 years through meticulous research by the VBJ team, the Sengol was reinstated beside the Speaker’s chair in India’s new Parliament building, Sansad Bhavan, by Hon’ble Prime Minister Narendra Modi, marking VBJ’s enduring bond with India’s cultural and national heritage.
Building on its 125-year legacy, VBJ is now set to unveil its largest jewellery showroom on Coimbatore’s 100ft Road. The Mettupalayam exhibition reflects the same commitment to making VBJ’s heritage, design excellence, and personalised jewellery experience more accessible. The exhibition will remain open from 11 AM to 8 PM on both days.
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