Gold Gains on Wedding Season Demand

"Gold Jwellery"

Indian Wedding and Gold jewelery both complements each other. Indian marriages are not complete without gifting gold and silver jewelery to both bride and groom. Again gold and silver are making high gains as expected in this wedding season in commodity market.
The alliance of gold and marriages in India has been traditional. Gold sales have risen 30% with the onset of the marriage season, which is from August to February.
Both silver and gold prices rose on the bullion market on Tuesday on brisk buying by stockists and jewellers to meet the ongoing marriage season demand amid firm global cues.
While silver surged by Rs 400 to Rs 45,300 per kg on increased offtake by industrial units, gold gained Rs 30 to Rs 20,370 per 10 grams.
A firm trend in the overseas markets, which normally sets the price trend on the domestic front, supported the upward march.


Gold & Silver Rates:-
Gold & Silver Rates in metros-


Bullion Market


Cities          Gold(10gm)           Silver(1Kg)
Chennai      Rs.20,110.00          Rs.44,985.00
Kolkata       Rs.20,315.00          Rs.44,600.00
Mumbai      Rs.20,000.00          Rs.44,975.00
Delhi           Rs.20,340.00          Rs.44,900.00