Tribune Information Service
Dharamsala, August 5
Hovering gold costs have adversely affected goldsmiths and jewelry store homeowners in Kangra district.
Ajay Verma, a jeweller, stated the gold value was out of attain of the widespread man. The worth of 10 gm was Rs 54,000 as we speak. “Right here, individuals spend solely between Rs 1 lakh and Rs 2 lakh on jewelry throughout the wedding ceremony of their kids and, subsequently, they’re now extra curious about shopping for silver ornaments.”
He stated 300 goldsmiths, most of them from West Bengal, used to work in Kangra. Nonetheless, lots of them had now returned to their native villages and brought up agriculture.
Ajay Verma stated jewellers weren’t getting uncooked metallic from the market. Those that had it had been promoting the identical at excessive costs. In locations corresponding to Kangra, individuals typically gave orders for jewelry to goldsmiths. The gold price was mounted as per the one prevailing on that day. As a result of volatility of the state of affairs and a pointy rise in gold costs, goldsmiths had been incurring losses, he stated.
He stated individuals had been additionally going through issues in promoting their previous jewelry. Ram Kumar Sharma, a resident of Dharamsala, stated most jewellers had been refusing to buy previous jewelry.
Goldsmiths stated they weren’t accepting previous jewelry on account of strict guidelines applied by legislation enforcement companies. “Typically, individuals do not need papers or invoice of the previous jewelry. We will’t buy with out these,” stated a goldsmith.