Gold and silver prices have witnessed a steady rise as demand increases ahead of the wedding season across India. Jewellery markets in major cities are seeing strong buying interest, while investors are also showing renewed confidence in precious metals due to global economic uncertainty.
With the festive and wedding season approaching, both retail buyers and traders expect prices to remain firm in the coming weeks.
Gold Prices Show Upward Trend
Gold prices have moved higher in domestic markets, supported by strong physical demand and global price movement. Jewellers report a surge in inquiries for bridal jewellery, coins, and investment bars.
Key reasons behind the price rise:
- Increased wedding and festive demand
- Rising global gold prices
- Weakening rupee against the dollar
- Safe-haven buying by investors
Traditionally, gold demand peaks during wedding months as families prefer to purchase jewellery and ornaments well in advance.
Silver Prices Also Gain Momentum
Silver prices are also trading higher, supported by industrial demand and festive buying. Apart from jewellery, silver is widely used in electronics, solar panels, and medical equipment, which keeps demand strong throughout the year.
Market experts say silver is gaining popularity among small investors due to its affordable price compared to gold and strong long-term potential.
Wedding Season Boosts Jewellery Demand
India’s wedding season plays a major role in driving gold and silver sales. Jewellery showrooms across metro and tier-2 cities are offering:
- Bridal jewellery collections
- Making charge discounts
- Exchange offers on old gold
- Special festive schemes
Families prefer to lock in purchases early to avoid further price hikes closer to peak wedding dates.
Investment Demand Remains Strong
Apart from jewellery buyers, gold continues to attract investors looking for stability during uncertain economic conditions. Many people are choosing:
- Gold coins and bars
- Digital gold
- Gold ETFs
Silver coins and bars are also seeing increased demand from retail investors.
Market Outlook
Analysts believe gold and silver prices may remain firm in the near term due to:
- Ongoing geopolitical tensions
- Global interest rate uncertainty
- Strong domestic demand
- Central bank gold purchases
Any major movement in international markets or currency rates could further influence domestic prices.
Buying Tips for Customers
If you are planning to buy gold or silver this wedding season, keep these tips in mind:
- Compare prices at multiple stores
- Check for BIS hallmark certification
- Ask for detailed billing
- Look for making charge offers
- Consider buying in advance
