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Gold prices soared sharply by Rs 500 to trade at Rs 42,450 per ten gram at the bullion. It is the marriage season and there is definitely a good demand for the ornaments.
The 22-carat gold used for the ornaments is around Rs 39000. But people usually go for the 22-carat gold for the ornaments.
Bullion traders said a firm trend overseas where gold rallied to the highest level this year. But there is also another trend where one gram Gold is becoming very popular.
More than the Gold people are using the designer Jewellery made of one gram gold and also silver. Copper is also being used to make the jewellery and it is being quoted with Gold.
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