Celebs follow a template for their special day -- an intimate ceremony with few people and a keen eye for a touch of luxury in every aspect.
They are paying a premium of Rs 700 - Rs 1,500 per 10 gm.
Although the RBI's open market operations have ensured sufficient system-level liquidity, some sectors are finding liquidity to be a challenge owing to their credit profile.
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Gold imports by India, the world's largest consumer, are expected to be muted until the end of July due to firm global prices and a lull in demand after the wedding season and arrival of the monsoon, traders said on Monday.
Centres like Coimbatore in Tamil Nadu and Thrissur and Kochi in Kerala are facing huge shortage of gold. These centres constitute around 15-20 per cent of India's overall annual demand of the yellow metal.
Several on-site labourers in the city want to take special trains being run to transport workers back home. The rising number of COVID-19 cases in the city has caused anxiety among them.
Discounts and incentives are attractions jewelleres are offering along with new designs to woo customers to boost sales ahead of Diwali.
Retailers are witnessing a surge in demand and expect up to 50 per cent spike in sales volume in this marriage season.
Jeweller and importers were awaiting the correction to stock the yellow metal for upcoming marriage season.
It is important that as a newly married couple you take time to focus on your combined finances.
However, in 2020, gold demand in India -- the world's second biggest consumer after China -- could increase to 700-800 tonnes on hopes of increased acceptance of high price level and likely economic reforms boosting consumer confidence, World Gold Council said.
Sentiments remained bullish as gold rose to a two-week high in overseas markets, gaining with other commodities as the dollar weakened, after the US Congress passed the 'fiscal cliff' deal, easing concern that a recovery in the world's biggest economy may be derailed.
The wedding season will continue till early January and gold is an important gift item at marriages.
Gold climbed for a sixth straight session by adding Rs 20 to hit an all-time high of Rs 30,570 per 10 grams.
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Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
It was trading around Rs 30,638 per 10 grams, the lowest since August 30.
Globally, gold rose 0.16 per cent to $1,279.70 an ounce in London.
Silver, however, lost Rs 300 to Rs 61,200 per kg on limited demand at prevailing higher levels.
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We invited you to share your favourite wedding pics -- here is the next set of responses!
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We invited you to share your favourite wedding pics -- here is the next set of responses!
We invited readers to share their favourite wedding pics -- here is the next set of responses!
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