Rs 91,000/10g: Gold hits historic high ahead of wedding season

The price of yellow metal breached a historic mark — Rs 91,000 per 10 gm — ahead of the wedding season, reports Abhilash Botekar. Traders in Nashik and Jalgaon in Maharashtra anticipate further price escalation in the coming days.
Jalgaon continues to attract buyers from across Maharashtra, Gujarat, and MP due to its reputation for ensuring gold purity and exceptional craftsmanship.

Sushil Bafana, a Jalgaon-based jeweller, said: “The market rate for 10 gm gold on Saturday was Rs 91,052, in cluding tax. On Friday, it was Rs 91,600. The market price is responding to international developments, including the US action on trade. Even today, many people consider gold the best investment option.”The fierce competition amongst Jalgaon jewellers benefits customers, ensuring high-quality products at competitive prices.Rajesh Bendale, who was buying jewellery for his daughter’s wedding, said price increases minimally affect buying decisions. People know the value of the metal is only going to increase further.