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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.

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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.

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Kushals Turns The 9-To-5 Into ‘9 To Shine’ With Its Workwear Jewellery Collection Featuring Real Life Professionals

The New Collection Features Real-Life Professionals and Offers 92.5 BIS Hallmarked Sterling Silver and 18K Gold-Plated Jewellery, Designed To Complement Modern Workwear Across Every Profession and Personal Style.

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Meetings, coffee runs, client presentations, brainstorming sessions, and after-work plans—every part of a working woman’s day deserves jewellery that keeps up. Celebrating the many hats women wear, Kushals Fashion Jewellery, India’s leading fashion jewellery brand, introduces ‘9 to Shine’, its latest Workwear Jewellery Collection, brought to life by real professionals who wear confidence just as effortlessly as they wear their jewellery.

Rooted in authenticity, the campaign shines a spotlight on women from diverse professions, ranging from entrepreneurs and HR professionals to clinical researchers and beyond. Each brings her own story, style, and personality to the campaign, proving that jewellery isn’t reserved for special occasions—it’s part of how today’s women show up every single day.

Created for women whose workwear reflects their mood each day, the ‘9 to Shine’ collection celebrates the many ways jewellery is worn today. Some days call for a sharp power suit, others for ethnic wear, co-ords, or a pair of casual denims. Whatever the day or dress code, the collection offers jewellery thoughtfully curated to complement every office look, mood, and personal style.

Featuring minimal layered necklaces, sleek chains and pendants, tennis bracelets, finger rings, pearl earrings, contemporary kadas, and antique-inspired earrings with a modern twist, each piece is thoughtfully designed to elevate an outfit without overpowering it. Crafted in 92.5 BIS hallmarked sterling silver and 18K gold-plated fashion jewellery, the collection combines premium craftsmanship with a lightweight, comfortable fit, making it ideal for women who seamlessly transition from work to after-hours plans.

Commenting on the launch, Manish Gulechha, CEO & Co-Founder, Kushals Fashion Jewellery, said:

“Workwear today isn’t defined by a single look. With ‘9 to Shine’, we’ve thoughtfully curated a collection that complements ethnic, western, formal, and casual office wear, making it easy for women to find jewellery that suits their personal style and every kind of workday.”

With ‘9 to Shine’, Kushals celebrates the women who bring confidence, ambition, and individuality to everything they do. Designed for every pitch, every promotion, every coffee break, every commute, and every small win along the way, the jewellery is crafted to move effortlessly with them, adding a touch of style and confidence to every workday.

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