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Why Does Yellow Metal Continue to Lose its Sheen?

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Why Does Yellow Metal Continue to Lose its Sheen?

August 06
12:54 2015

yellowNew Delhi, Thursday, August 6 – The magnetism towards yellow metal is not the same as it used to be earlier. This is clearly proved by the fact that despite price of gold which is fluctuating between INR 25,000 and INR 25,100, people showing minor interest in picking ornaments. Gold jewelries are being sold but buyers love to put on something in light rather than settling on the pieces that are weighty.

Interest of the buyers has dropped vastly in the last few months. Demand is no up that has made gold to remain in feasible price structure. Some other factors are also responsible for dropping prices of the metal but traders are worried by customers’ attitude who aren’t showing any attention to get the metal. Sale is anticipated to go up only after festive season is on. In spite of low cost of the metal as compared to the scenario one and a half years ago, it is a bit startling for the experts to observe that consumers feel comfortable to go with imitation and artificial jewelries.

They expect situation to improve to some extent in the coming months but that might not be too impressive. Since festive time is to start by the end of this month, maybe, buyers hit ornament stores to place demand for anklets, armlets, necklaces, earrings, rings and bracelets. For the reason that the yellow metal is not considered a secure investment but the transition in thought has brought huge change in the bullion market. Gold shop owners in Delhi, Gurgaon and Noida look forward to a scenario where consumers are thronging their place. Silver prices are also down by INR 50, while gold by INR 110.

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