Gold buyers in Chennai make most of drop in prices
Posted on: 16/Apr/2013 5:02:57 PM
Residents of Chennai thronged jewellery stores in the city in the wake of reduction of gold prices by Rs. 123 per gram on Monday. Sales of gold jewellery went up by at least 30 per cent according to reports.
‘I bought five sovereigns of gold jewellery for my daughter on Sunday. I was able to save at least Rs. 300 per gram, despite the making charges and wastage, thanks to the dip in gold prices over the past month’, said a resident of Mahalingapuram.
A resident of Chromepet said, ‘Last week, the cost of a gram of gold came down by about Rs. 250 when compared to the price that prevailed on April 8. It was the perfect time for wedding jewellery shopping… We bought some jewellery for our daughter’s wedding a few days ago. We now plan to purchase more, this time for the bridegroom. The savings may be minimal, but it is still valuable.’
