With the beginning of marriage season and softening prices, gold purchasing is expected to climb more than usual in the days ahead as dealers feel that sales of gold jewelleries may go up by nearly 25%. The precious metal prices, which had touched a low of 686 dollars an ounce in the bullion market during the last week of October, was today placed at 737.65 dollars an ounce. In the domestic markets, gold price was seen at Rs 11,850 per 10 grams.
level against Rs 13,000 a month back. However, according to the dealers, the buyers have a feeling that the best is yet to come. "Most of the customers are still waiting for the right time and for the prices to decline further in the near future. As the season will proceed the sales will definitely pick up," added one of the Delhi-based jeweller. But Haresh Soni of Premji Jewellers, who have stores in Gujarat, Mumbai and Gurgaon, told, due to money crunch in the market, customers are not buying any extra items and limiting their purchases.
level against Rs 13,000 a month back. However, according to the dealers, the buyers have a feeling that the best is yet to come. "Most of the customers are still waiting for the right time and for the prices to decline further in the near future. As the season will proceed the sales will definitely pick up," added one of the Delhi-based jeweller. But Haresh Soni of Premji Jewellers, who have stores in Gujarat, Mumbai and Gurgaon, told, due to money crunch in the market, customers are not buying any extra items and limiting their purchases.
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