Gold Price Today: A Reflection of Festive Spirit in Surat
As the nation gears up to celebrate Janmashtami, the atmosphere is filled with excitement and joy. In Surat, the Lalas are known for adding a splash of color to any festival, especially when it comes to adorning the idol of Lord Krishna with exquisite jewelry. This year, as the price of silver sees a dip, people are not only buying silver ornaments but also investing in silver bars ranging from 50 grams to five kilograms. What makes this year’s silver purchases even more special is the inclusion of traditional Rajasthani craftsmanship, with prices ranging from ₹5,000 to ₹500,000.
Janmashtami, the birthday of Lord Krishna, is a festival celebrated with great fervor by people of all ages. From young children to the elderly, everyone participates in adding color to the festivities. Some households even showcase their devotion by adorning their homes with intricate silver ornaments. This year, with a significant decrease in silver prices, people are seizing the opportunity to invest in silver jewelry as well.
Currently, the market offers silver ornaments ranging from 50 grams to five kilograms, with prices starting from approximately ₹5,000 and going up to five lakhs. Some customers are even placing custom orders for silver ornaments tailored to their design preferences. Particularly noteworthy is the craftsmanship involved in creating these silver ornaments, which is exclusive to the artisans of Rajasthan. The process involves shaping the silver on a wooden base and then adding intricate silver work on top. This artistry is a skill possessed only by the people of Rajasthan.
Reflecting on the recent drop in silver prices, many customers have placed advance orders for silver ornaments, as observed by jeweler Dipak Choksi. Compared to the previous year, there has been a significant increase in the purchase of silver ornaments this year, making it the most sought-after item in the market.
In addition to the festive spirit surrounding Janmashtami, the gold and silver prices have also witnessed a decline. Today, on August 23, 2024, the price of gold has increased to 71,000 rupees per 10 grams, while the price of silver has risen to 84,000 rupees per kilogram. The national rate for 24-carat gold of 999 purity is 71,325 rupees per 10 grams, while 999 pure silver is priced at 84,072 rupees per kilogram.
In conclusion, the festive season in Surat is not only a time for celebration but also an opportunity for people to invest in silver ornaments. With the market offering a wide range of silver jewelry and bars, coupled with the traditional Rajasthani craftsmanship, this year’s Janmashtami celebrations are sure to shine brighter than ever before.