Mumbai: Good times herald wedding season, as cost of gold and silver drops

Mumbai: The dip in the prices of gold and silver could not have come at a more opportune time, what with April proving an auspicious month to tie the knot and Gudi Padva on Saturday. This has caused a spike in demand. In just one week, the prices of gold have slipped by Rs 2,000 per tola (approximately 11.34 gms).

The rise of the Indian rupee against the US dollar has caused this fall in gold prices. Market experts believe this can spur more demand. Gold prices are currently Rs 32,000 per tola, from the earlier Rs 34,000-35,000, while silver prices too have fallen, from Rs 41,500 per kilogram to Rs 39,000. –

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