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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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Rivaah By Tanishq Launches Wedding Signatures, Complete Bridal Jewellery Trousseaus Across Seven Indian Bridal Communities

Created Around The Way Today’s Bride Curates Her Wedding, With Jewellery For Every Moment and Celebration, Brought To Life Through A Wider Wedding Ecosystem

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Rivaah by Tanishq, the wedding jewellery focused sub brand from the house of Tanishq, has launched Wedding Signatures, a collection of complete bridal jewellery trousseaus across seven distinct Indian bridal communities representing Tamil, Telugu, Bihari, Rajasthani/Marwadi, Gujarati, Marathi and Pan India/Metro. The collection is rooted in Rivaah’s insight that today the modern Indian bride celebrates her cultural roots but in her own unique way.

Over 8 to 12 months, a bride makes choices across the destination, venue, functions, fashion, photography, decor, beauty and jewellery that together shape her wedding. This has also changed the way she approaches bridal jewellery, with a move towards selecting pieces for individual occasions rather than relying on a single set. Wedding Signatures responds with a complete jewellery wardrobe designed to cater to the different functions and celebrations of the wedding.

Each bridal look has been developed through its own distinctive jewellery vocabulary. The Marathi trousseau draws on key elements such as the Vati Mangalsutra, Tushi necklace and Vajra Teek Choker, the Rajasthani/Marwadi trousseau includes the Borla, Tevta, Aad and Panchlada Haar, while the Gujarati trousseau draws on forms such as Chandan Haar, Dodi, Mor and Keri. The Tamil and Telugu trousseaus explore distinctive South Indian forms and temple inspired vocabulary. The Pan India/Metro trousseau offers a contemporary expression for brides influenced by multiple cultural and stylistic references. The collection further expands Rivaah’s jewellery vocabulary with Kaleeras, Matha Patti, Vankis, Surya and Chandra, Nethi Chutti and Mattal, alongside contemporary interpretations of established regional jewellery codes.

Developed by Tanishq’s Design Excellence Centre (DEC), Wedding Signatures brings together regional understanding, design expertise and craftsmanship across the seven bridal worlds.

The collection is brought to life through the campaign “One Wedding. Many Stories.”, extending the idea into the wider wedding ecosystem through destination, photography and film. Celebrated wedding photographer Joseph Radhik captures select bridal looks at Taj Jai Mahal Palace, Jaipur, while acclaimed filmmaker Shoojit Sircar brings the stories to life through a series of regional films. For the South market, actor Anupama Parameswaran is the face of Rivaah, bringing the campaign to life for brides across the region. The campaign places the jewellery within the setting, atmosphere and storytelling of a wedding, creating a connected expression of the celebration around the collection.

Speaking on the launch, Pelki Tshering, Chief Marketing Officer, Tanishq, said:

“At Rivaah, we believe that marriages are crafted uniquely by every bride. As brides curate their weddings with greater intention, every choice right from the destination and celebrations to fashion, photography and jewellery, contributes to the experience they envision. We wanted to reflect this in the way we approached bridal jewellery. Wedding Signatures brings together complete jewellery wardrobes across seven distinct Indian bridal looks, with pieces designed for the different occasions that make up the wedding journey.

Through ‘One Wedding. Many Stories.’, we bring the collection into the wider world of destination, photography and film, creating a more holistic expression of the wedding around the bride.”

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