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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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Akoirah by Augmont Celebrates The Family We Choose With A Thoughtfully Curated Friendship Day Gifting Edit

Akoirah By Augmont’s “For The Family We Choose” Edit Celebrates Friendship Day With Timeless Jewellery That Honours Chosen Family, Meaningful Connections, and Lasting Memories.

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Not every family is inherited. Some we find in late-night conversations that stretch into sunrise, in celebrations both big and small, and in the quiet certainty of knowing someone will always stand by you. These are the friendships that become our constants, our confidants, and, over time, a family we choose.

This Friendship Day, Akoirah by Augmont shines a light on these cherished bonds through For the Family We Choose, a thoughtfully curated edit of jewellery pieces that make for meaningful gifts for the people who have become an integral part of our lives. Rather than a collection created for a single occasion, the edit brings together timeless designs that celebrate friendship, connection, and belonging in a way that extends well beyond one day on the calendar.

Featuring delicate layers, sculptural silhouettes, and understated everyday essentials, the selection is designed for those who appreciate jewellery that feels personal rather than performative. Each piece is versatile enough to become part of a daily uniform, yet meaningful enough to commemorate the relationships that shape us. The edit reflects a quiet, contemporary approach to gifting, where thoughtful design and lasting sentiment take precedence over grand gestures.

Namita Kothari, Founder, Akoirah by Augmont Said:

“For generations, jewellery has been gifted to mark relationships we inherit. I believe it’s equally meaningful to celebrate the relationships we choose.”

“Friends become our sounding boards, our biggest cheerleaders, and often the people who witness our lives in the most authentic way. Those bonds deserve to be honoured with the same thought and permanence we reserve for life’s traditional milestones. At Akoirah, we see jewellery not simply as something to wear, but as something that carries memory and meaning. The most treasured pieces are rarely the most extravagant—they’re the ones that instantly remind you of a person, a conversation, or a chapter of your life you’ll always want to hold on to.”

Crafted in recycled gold and set with lab-grown diamonds, each design reflects an emotional approach to modern luxury, one that values meaning as much as craftsmanship. Whether exchanged between lifelong friends, chosen family, or the people who have stood beside us through life’s defining moments, these pieces serve as lasting reminders of bonds built on trust, shared memories, and unwavering support.

Because some of life’s most meaningful relationships aren’t the ones we’re born into, they’re the ones we choose, every single day. This Friendship Day, customers can discover these thoughtfully curated gifting pieces across Akoirah by Augmont stores to celebrate the people who have become family by choice.

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