National News

Retail Gold Sales Drop 25% Amid Rising Prices, Lightweight Jewelry in Demand

Published

1 year ago

March 20, 2025

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A 4% rise in gold prices in March has led to a significant 25% decline in retail gold sales at jewelers and a 60% drop in Zaveri Bazaar. Indian families with upcoming weddings are feeling the pinch of higher gold prices, turning to lighter, lower-carat jewelry to meet bridal jewelry demands. Despite this, demand is expected to pick up during Akshay Tritiya in April, though lightweight jewelry remains the preferred choice.

Gold prices saw a near-4% increase in the first half of March, bringing down retail sales by 25% compared to the same period last year. Zaveri Bazaar, a hub where retail jewellers buy bullion and jewelry in bulk, saw a 60% drop in sales.

Senco Gold & Diamonds, Joy Alukkas, PNG Jewellers, Mamraj Musaddilal Jewellers, and senior executives from the India Bullion & Jewellers Association mentioned that Indian families, especially those with weddings planned for the upcoming season, are stressed by the escalating prices. As a result, they are opting for lightweight jewelry, as high prices make it difficult to stick to the traditional gold jewelry budgets.

Suvankar Sen, the chief of Senco Gold, shared that sales of small-ticket gold jewelry in the ₹30,000 – ₹40,000 price range have dried up. “The high prices are keeping customers away from spending on gold,” he said. On March 18, gold was priced at ₹88,256 per 10 gm in the physical market, with a 3% Goods and Services Tax (GST), pushing the cost to ₹90,903 per 10 gm.

“Those who have weddings in the family are buying lightweight jewellery as they cannot stretch the budget. Demand has dropped by 15% beginning from March and if this rally continues, the recovery in demand may not happen. The next big sales can only happen during Akshay Tritiya, which falls on April 30,” said the MD of Senco Gold & Diamond.

Despite the rise in prices, the demand has remained sluggish in South India too. “Compared to last March, demand is down by up to 25%. While the high price is a big factor in this demand drop, other things like board exams have slowed down demand as well,” said Baby George, CEO of Joy Alukkas.

Saurabh Gadgil, chairman of PNG Jewellers, also highlighted the shift in preferences. “People are buying lightweight jewellery, and many are exchanging old gold jewellery with new ones. The volumes are getting impacted but value-wise the jewellers are not facing any issue.”

Avinash Gupta, partner at Hyderabad-based Mamraj Musaddilal Jewellers, noted that while demand has softened, it hasn’t reached alarming levels. “Demand will bounce back in April due to weddings and Akshaya Tritiya, but definitely the preference will shift to lightweight and lower caratage jewellery.”

Related Topics:2025 GoldSales nationalnews Retail Gold

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National News

Celebrate Prosperity in Style – Akshaya Tritiya 2026 Gifting Guide by TrueSilver

Modern Silver Jewellery Takes Centre Stage This Akshaya Tritiya, Blending Everyday Elegance with Meaningful Gifting and Accessible Luxury

Published

7 minutes ago

April 14, 2026

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Akshaya Tritiya has long been synonymous with gold, symbolizing prosperity, abundance, and new beginnings. But in 2026, the narrative is evolving. As consumers look for more versatile, wearable, and accessible investments, silver is emerging as the new gold, bringing together value, style, and everyday relevance.

Today’s festive shopper is choosing pieces that don’t just sit in lockers but become part of daily expression. From silver rings for women and silver rings for men to silver bracelets for men styles and silver bracelets for women, as well as silver chains for women and silver chains for men, and silver anklets for women, sterling silver jewellery is redefining how India celebrates auspicious occasions.

TrueSilver captures this shift with thoughtfully designed pieces across categories, making it easier to find something meaningful, modern, and wearable this Akshaya Tritiya.

Silver Whimsy Filigree Charm Paperclip Chain Bracelet

Blending delicate detailing with a contemporary paperclip chain, this bracelet offers a fresh take on festive jewellery. Crafted in 925 sterling silver, it reflects both elegance and versatility. A refined silver bracelet for women, it’s an ideal Akshaya Tritiya pick, symbolizing prosperity while being light enough for everyday wear.

Lyria U Hoops

Minimal yet impactful, the Lyria U Hoops are designed for effortless styling. Their clean silhouette makes them a staple in any modern silver jewellery collection. Whether paired with silver chains for women or stacked silver rings, they transition seamlessly across occasions, making them a thoughtful gifting choice for someone who appreciates understated design.

Layered Sea-Shell Star Beaded Anklets

Bringing together playful elements and fine detailing, these anklets add movement and character to festive styling. Crafted in sterling silver, the layered design stands out without being overpowering. A unique take on silver anklets for women and anklets for women silver, this piece works beautifully for Akshaya Tritiya, adding a contemporary twist to traditional jewellery choices.

Celestia Dainty Silver Eternity Band

Timeless in its appeal, the Celestia eternity band symbolizes continuity, making it especially relevant for an occasion rooted in long-term prosperity. A classic among silver rings for women, it also aligns with the growing popularity of ring silver womens styles that are minimal, elegant, and designed for everyday wear.

Diamond Cut Curb Chain Bracelet for Men(4.5 mm)

Bold and structured, this diamond-cut curb chain bracelet for men offers a more statement-led take on sterling silver jewellery. Its clean, defined links add a modern edge, making it suitable for those who prefer stronger silhouettes. It stands out on its own or layered with other pieces, offering versatility across both casual and occasion wear.