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Rediff.com  » Business » Shoppers rush for gold as price crashes

Shoppers rush for gold as price crashes

Last updated on: April 23, 2013 10:06 IST

Shoppers rush for gold as price crashes

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With gold prices falling, jewellery retailers in India are witnessing a surge in demand and expect up to 50 per cent spike in sales volume during this marriage season.

Jewellers are also expecting prices to fall further to around Rs 25,000 per 10 grams in the short-term.

Click NEXT to see more images of this gold rush across the world...



Image: A customer holds a gold necklace inside a jewellery showroom in Mumbai.
Photographs: Danish Siddiqui/Reuters.
Tags: India

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Customers try gold bangles inside a jewellery showroom in Kochi. 

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Photographs: Sivaram V/Reuters.
Tags: Kochi

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A girl tries a gold necklace inside a jewellery showroom in Mumbai. 

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Photographs: Danish Siddiqui/Reuters.
Tags: Mumbai

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A saleswoman arranges a gold necklace inside a jewellery showroom in Kochi.

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Photographs: Sivaram V/Reuters.
Tags: Kochi

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An employee arranges gold bangles at a jewellery shop at the Grand Bazaar in Istanbul. 

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Photographs: Murad Sezer/Reuters.

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Women look into a jewellery shop where gold bangles are on display at the Grand Bazaar in Istanbul. 

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Photographs: Murad Sezer/Reuters.
Tags: Istanbul

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An employee arranges gold jewellery in the counter of a gold shop in Wuhan, Hubei province.

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Photographs: Reuters.
Tags: Hubei , Wuhan

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A customer looks at gold accessories at a gold store in Hangzhou, Zhejiang province.

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Photographs: Reuters.

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Store manager Jared Minsky talks to a potential customer about gold watches inside the Gold Standard jewellery store in New York.

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Photographs: Lucas Jackson/Reuters.

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A woman looks at a Rolls Royce "RRR65" car model made from pure gold weighing 1.5 kg, displayed at the "Gem and Jewellery India International Exhibition 2013" (GJIIE) in Chennai.

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Photographs: Babu/Reuters.

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A salesman counts money at a jewellery shop at the gold market in Riyadh. 

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Photographs: Reuters.
Tags: Riyadh

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Salespeople are reflected in a mirror as they stand at the cash counter inside a gold jewellery showroom in Kochi.

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Photographs: Sivaram V/Reuters.
Tags: Kochi

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An employee arranges jewellery at a window display in a shop at the Gold Souq in Dubai. 

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Photographs: Ahmed Jadallah/Reuters.

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A salesgirl shows a gold necklace to customers at a jewellery showroom in Chandigarh.

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Photographs: Ajay Verma/Reuters.

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A Muslim pilgrim looks at a jewellery shop a prayer session at the surrounding area of the Grand Mosque during the annual hajj pilgrimage in the holy city of Mecca.

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Photographs: Abdallah Dalsh/Reuters.
Tags: Muslim , Mecca

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Mahdi al-Mehri, 28, a Saudi jeweller, displays gold bangle in a jewellery shop at the surrounding area of the Grand Mosque in Mecca.

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Photographs: Amr Abdallah Dalsh/Reuters.

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A worker stands in front of his gold jewellery shop at the market of Khan el-Khalili in Old Cairo.

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Photographs: Amr Abdallah Dalsh/Reuters.
Tags: Old Cairo

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A Turkish couple look into jewellery shop where gold bangles are on display in Grand Bazaar in Istanbul.

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Photographs: Murad Sezer/Reuters.

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Customers crowd at a gold jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival in Kochi.

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Photographs: Sivaram V/Reuters.

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A salesgirl is reflected in a mirror inside a gold jewellery showroom in Kochi. 

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Photographs: Sivaram V/Reuters.
Tags: Kochi

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Women stand in front of a gold shop at al-Bzoria market in old Damascus. 

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Photographs: Khaled al-Hariri/Reuters.
Tags: Damascus

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A customer looks at gold bangles inside a jewellery showroom in Hyderabad.

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Photographs: Krishnendu Halder/Reuters.
Tags: Hyderabad

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A customer tries on a gold necklace inside a jewellery showroom in Hyderabad. 

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Photographs: Krishnendu Halder/Reuters.
Tags: Hyderabad

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A woman checks a gold necklace inside a jewellery showroom in Hyderabad. 

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Photographs: Krishnendu Halder/Reuters.
Tags: Hyderabad

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A woman is reflected in a mirror as she tries a gold earring inside a gold jewellery showroom in Kochi. 

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Photographs: Sivaram V/Reuters.
Tags: Kochi

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Shoppers rush for gold as price crashes

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Customers check gold rings inside a gold jewellery showroom in Kochi. 

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Photographs: Sivaram V/Reuters.
Tags: Kochi

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A salesman arranges a gold necklace inside a gold jewellery showroom in Kochi. 

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Photographs: Sivaram V/Reuters.
Tags: Kochi

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The salesman displays gold bangles to a customer at a jewellery showroom in Chennai.


Photographs: Babu/Reuters.
Tags: Chennai

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