- Gold prices may have been on the rise, but that didn’t stop Pune residents from splurging on the precious metal this Diwali. Whether it’s for weddings, festivals, or just as an investment, gold continued to be a hot commodity.
- Despite a slight dip in the quantity of gold sold compared to last year, jewelry shops in Pune saw a surge in footfall during the festive season. With new and trendy designs hitting the market, shoppers were eager to get their hands on the latest pieces.
- Experts are predicting that the price of gold per 10 grams could skyrocket to over ₹1 lakh in the next year or so, thanks to global tensions and increasing demand from investors. This could mean big profits for those holding onto their gold investments.
- The bullion market in Pune remained strong during Diwali, with turnover seeing a significant increase. While the overall quantity of gold sold may have been slightly lower, the higher prices more than made up for it.
- Looking ahead, market experts are forecasting that gold prices could reach anywhere from ₹1.68 lakh to ₹2 lakh over the next five years. With uncertainty in the global economy, gold seems to be a safe bet for investors looking to protect their assets.
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