Small jewellery traders making big money this season
Updated: Nov 28, 2015 04:17:15pm
Greater Noida, Nov 28 (KNN) With the yellow metal's slumping down this season, the business of the big traders might not be shinning much but the small jewellery makers and traders are making good money at this time.
Usually, more than 50-60 per cent of the customers of small jewellery traders are the ones who are not particular about buying hallmarked 22 carat or 24 carat gold, rather they are fine with 18 carat or 20 carat jewelleries.
The price of 22 carat gold has been hanging around in the range of Rs 24K to Rs 26K per 10 grams for quite some time.
“The marriage season is on and we are buying all the jewelleries now as the prices are unexpectedly low. 20 Carat is 83.33% Purity and 18 Carat has 75 % Purity Gold. With other things so expensive, we are fine with compromising on this much quality,” said Poanam, an enthusiast customer at the small jewellery maker’s shop in Greater Noida.
“I work as a domestic help and looking at the prices, I have taken loan from my relatives to buy gold. This is the only thing which is a safe investment for future,” said one of the domestic helps who was also present in that shop.
The shop owner feels that the demand from the big sellers are not much but they are making good money this time as lots of small customers have high buying sentiment this season. (KNN Bureau)
Usually, more than 50-60 per cent of the customers of small jewellery traders are the ones who are not particular about buying hallmarked 22 carat or 24 carat gold, rather they are fine with 18 carat or 20 carat jewelleries.
The price of 22 carat gold has been hanging around in the range of Rs 24K to Rs 26K per 10 grams for quite some time.
“The marriage season is on and we are buying all the jewelleries now as the prices are unexpectedly low. 20 Carat is 83.33% Purity and 18 Carat has 75 % Purity Gold. With other things so expensive, we are fine with compromising on this much quality,” said Poanam, an enthusiast customer at the small jewellery maker’s shop in Greater Noida.
“I work as a domestic help and looking at the prices, I have taken loan from my relatives to buy gold. This is the only thing which is a safe investment for future,” said one of the domestic helps who was also present in that shop.
The shop owner feels that the demand from the big sellers are not much but they are making good money this time as lots of small customers have high buying sentiment this season. (KNN Bureau)
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