Categories: RajkotUncategorized

Rajkot gold jewelry market gets a broad loss

Rajkot: Enasery Covid-19 situation and the beginning of international flights gradually have exhaled fresh life into the business of making Rajkot jewelry, which loses luster due to poor locking and poor demand.
Rajkot is a lightweight and famous jewelry hub because of its design.
In fact, it is a request that jewelry makers struggle to complete orders and face skilled craftsmen.
A large number of craftsmen, most migrants from Bihar and West Bengal, have left the city earlier this year because of the second wave of pandemics and murderers.
Because of good rain in their respective countries, many have not returned to Rajkot, say jewelry makers.
The city has nearly 80,000 jewelry making units that employ around five lakh people.
Some branded jewelry chains also outsourced to work into these units.
Divyesh Patadia, President Permata & Jewelry Association, Rajkot, told Toi: There was an unprecedented surge in order for gold jewelry.
We expect good sales to Dhan Teras and Pushya Nakshatra this year, two days that are believed to be profitable for purchasing gold.
However, we face extraordinary labor shortages.
“According to market estimates, around 60 kg of gold jewelry is made in Rajkot every day.
Gold jewelry makers also expect a good wedding season, especially after several international flights restart normal operations to India in November and relieve rules for individuals who are fully vaccinated.
Year Then, NRI’s marriage was stopped due to travel restrictions.
According to jewelry, handmade jewelry, lightweight, antique jewelry, traditional items and a jewelry set in a large demand.
The start of the air cargo services from Rajkot that connects various cities in India also helps jewelry, which saves One day delivery.
In fact, several jewelry makers took advantage of the Lean period last year in creating new designs and this has gained a lot of popularity.
Mr.
Adesara, a trader based in Rajkot and Vice President of the Association of Bullion and Indian Jewelry (IBJA) said, “We have been said Recover losses suffered in the last two years with orders in the last 20 days.
People also realize during locking that gold is the best investment.
The price of gold is also stable which also spurred demand.
“According to jewelry, people also invest in bars this year and 25% of total demand is for coins and gold beams.

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