In India, a wedding would not be complete without gold and silver. Even if prices are skyrocketing, you may still shine without going over budget if you prepare beforehand. Here are some useful pointers.
In India, there has always been an unmistakable glitter of gold during festivals and weddings. Purchasing gold is more than simply a tradition for the majority of families; it is a representation of wealth, love, and heritage. However, there is a cost to the brightness this season.
Price increases for gold and silver have reached all-time highs, rising almost every day and straining wedding budgets. Families all throughout the nation are reconsidering their jewelry plans as they attempt to strike a balance between tradition and budgetary constraints. There are clever ways to handle this sparkling problem if you are one of those people who is feeling the pressure, without sacrificing the brightness of your celebration.
India’s demand for gold has skyrocketed due to the wedding and holiday seasons. On October 17, the price of 10 grams of 24-carat gold was around Rs 1,32,770, while the price of 22-carat gold was close to Rs 1,21,700. The price of silver also been rising, approaching Rs 1,85,000 per kilogram.
Diwali and Dhanteras, two festivals, have increased purchasing, constrained supply, and raised prices to all-time highs. Gold prices have risen by almost 65 percent in a single year, causing both purchasers and jewelers to reevaluate their wedding-season spending plans.
Early November marks the start of the wedding season, which means that demand for gold will likely increase even more, driving up prices. Jewelry purchasing is becoming a significant difficulty for many middle- and lower-middle-class families as a result of this spike. However, spending too much money is not necessary to have a wonderful wedding. You can still make your special day spectacular without allowing skyrocketing gold prices deplete your finances by taking a few astute preparatory measures.
Select lighter items rather than ones with larger price tags: Invest on beautifully designed, lightweight jewelry rather than large, hefty embellishments. It lowers your total cost while allowing you to display sophisticated designs within your means. It is also possible to design lighter gold items differently for different wedding occasions, so you may always appear new without breaking the bank.
Examine your alternatives for imitation and silver: Use silver or fine imitation jewelry if gold seems unattainable this season. Nowadays, a lot of knockoff items duplicate gold patterns so precisely that they are almost identical. They provide style without the high cost, making them ideal for everyday wear, smaller ceremonies, and pre-wedding festivities. You may maintain the holiday glitter without going over budget by using silver, which also provides an attractive touch at a tenth of the price.
Trade in old gold to reduce new expenses: Trading in old jewelry for new is one of the best strategies to control rising prices. It is a wonderful moment to trade in your current jewelry since their resale worth increases in tandem with rising gold rates. Many jewelers give full value for old gold and alluring savings on manufacturing charges as part of their particular festive and wedding-season exchange programs. It is a simple method to update your collection without breaking the bank.
Take advantage of holiday discounts: Major jewelry manufacturers provide their best discounts to entice customers throughout the wedding and holiday seasons. These temporary promotions, which range from zero-making-charge plans to discounts and extra grams on purchases, might have a big impact on your ultimate payment. You may add additional glitter to your collection without going over budget if you plan your buy at this time.
Choose designs that are lightweight and clever: Select jewelry that is elegant without being bulky. While utilizing less gold, modern volumetric patterns, layered textures, and contemporary designs may provide the appearance of luxury. With this method, you may have opulent-looking standout pieces without having to spend more for additional weight.