In Coimbatore, the price of gold jewelry has increased by Rs.200 per sovereign. One gram of gold is now selling at Rs.6,785, while a sovereign is priced at Rs.54,280.
Coimbatore: The price of gold jewelry has seen a significant increase in Coimbatore, with rates climbing by Rs.200 per sovereign. This price hike has caught the attention of both jewelers and customers in the city.
According to the latest market rates, one gram of gold is now being sold at Rs.6,785. Consequently, a sovereign of gold, which is equivalent to 8 grams, is priced at Rs.54,280 in the local market.
This increase in gold prices is expected to impact the jewelry market in Coimbatore, known for its thriving gold business. Customers planning to purchase gold for upcoming festivals or weddings may need to reconsider their budgets in light of this price rise.
Jewelers in the city attribute the price hike to various factors, including global economic conditions and fluctuations in international gold markets. They advise customers to keep a close watch on the market trends before making significant gold purchases.
According to the latest market rates, one gram of gold is now being sold at Rs.6,785. Consequently, a sovereign of gold, which is equivalent to 8 grams, is priced at Rs.54,280 in the local market.
This increase in gold prices is expected to impact the jewelry market in Coimbatore, known for its thriving gold business. Customers planning to purchase gold for upcoming festivals or weddings may need to reconsider their budgets in light of this price rise.
Jewelers in the city attribute the price hike to various factors, including global economic conditions and fluctuations in international gold markets. They advise customers to keep a close watch on the market trends before making significant gold purchases.