National News
Gujarat’s Gold Imports Surge 62% in February Amid Strong Wedding Demand Despite High Prices
Gold imports to Gujarat rise significantly month-on-month, while silver imports plummet by 97% due to reduced industrial demand and volatile prices.
Gujarat’s gold imports saw a sharp 62% increase in February compared to January, driven by strong wedding-related demand, even though prices remained high. However, year-on-year gold imports fell by 18%, and silver imports experienced a dramatic 97% drop.
Jigar Soni, President of the Jewellers’ Association of Ahmedabad, stated that retail demand for gold remained robust, bolstered by weddings, despite rising prices forcing buyers to spend more. Additionally, investors looking to safeguard their funds from stock market volatility shifted their assets into gold, which is traditionally seen as a safe-haven investment during times of economic and geopolitical uncertainty. The high gold prices, though, led to a preference for lighter jewelry, including lower purity gold options such as 14, 16, and 18 carat.
In February, Gujarat imported 11.32 metric tonnes of gold, up from 6.98 metric tonnes in January. However, the silver import situation was starkly different. The state imported only 3.49 metric tonnes of silver in February, a significant drop from 135.23 metric tonnes in January and 749.01 metric tonnes in February of the previous year.
Soni pointed out that gold prices in Ahmedabad peaked on February 19, reaching Rs 89,500 per 10 grams, nearly 40% higher than Rs 64,000 on the same day in 2024. This price surge also led to a rise in demand for lower-purity gold. On the other hand, silver imports faced a sharp decline primarily due to reduced industrial consumption in the state and volatility in silver prices, which caused businesses to hold off on bulk purchases.
BrandBuzz
The Pearl Edit: Thoughtful Women’s Day Gifting by GIVA
Timeless pearl creations from GIVA that honour the quiet strength, elegance, and individuality of modern women.
For generations, pearls have defined timeless elegance — an evergreen classic that transcends trends and seasons. Effortlessly refined, they carry a quiet sophistication that has remained relevant across eras.
Neither fleeting nor ornamental, pearls embody a kind of understated luxury, graceful, enduring, and always in style.
This Women’s Day, GIVA celebrates women who are building, leading, choosing, and redefining life on their own terms. Women who don’t need to be loud to be powerful, because their presence speaks for itself.
In that spirit, pearls make for a meaningful gift. Timeless yet modern, they move effortlessly from everyday moments to milestone celebrations, making them a thoughtful way to honour the women who inspire us, whether it’s a mentor, a friend, a colleague, or even yourself.
Here are some pearl pieces that make for perfect Women’s Day gifts.
Stay With Me Golden Pendant With Link Chain
For the one who wears her heart unapologetically. A radiant pearl drop pendant set in gold-plated 925 silver, designed with an elegant lattice motif that blends timeless romance with modern craftsmanship. From the Barkha Singh x GIVA Glow in Motion collection, this piece celebrates intricate CNC artistry while offering a refined statement for everyday elegance.
Gold Pearl Centred Diamond Earrings
Elegant and timeless, these 18K BIS-hallmarked gold earrings feature a delicate circular motif with a luminous pearl at the centre, accented by sparkling lab-grown diamonds below. Designed for everyday luxury, they blend classic sophistication with modern brilliance, making them a graceful statement for any occasion.
Rose Gold On Mom’s Path Bracelet
A heartfelt rose gold-plated bracelet crafted in 925 silver, featuring a charming baby shoe motif with enamel detailing, a delicate pearl accent, and a subtle “mom” engraving. Thoughtfully designed to celebrate the unbreakable bond between a mother and her child, it makes for a meaningful keepsake.
Anushka Sharma Silver Drops of Pearls Set
Inspired by the hidden beauty of ocean pearls, the Anushka Sharma Silver Drop of Pearl Set captures effortless elegance with a graceful pearl drop and sparkling zircon accents. Crafted in 925 silver, the set includes a delicate pendant and matching earrings designed to add timeless charm to any look.
Rose Gold Glam Drops Necklace
Graceful and statement-making, this rose gold-plated lariat necklace in 925 silver features a central oblong pearl with delicate cascading strands ending in luminous pearls. Elegant yet contemporary, it’s the perfect piece to elevate evening looks and special occasions with effortless glamour.
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