Gurmeet Luthra | Amritsar Swarnakars have predicted the price of gold to be Rs 1.25 lakh per ten grams by Diwali. He must have purchased a little gold on the auspicious day of Akshaya Tritiya on 30 April due to the hope of bounce in the prices of gold.
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For this auspicious day, Punjab Swarnakar Sangh, District Swarnakar Sangh and other Julers have announced to provide some gift to customers who want to purchase gold or jewelery on this auspicious day of Akshaya Tritiya from 28 April to 5 May.
This announcement was made by the goldsmiths while expressing their views during the focus group discussion held on Saturday at the headquarters of Dainik Bhaskar at the local Ranjit Avenue headquarters. Nesh Kumar Jangi, Senior Deputy Principal of Swarnakar Sangh, and Deputy Principal Indrajit Singh Bubby said that prices are cut after a vehicle or a mobile showroom soon after purchasing from a mobile showroom, if you go to sell them in a few days or months, then the prices in resail decrease by up to 50 %.
Whereas, if you sell gold, then the purchase made at the earlier price is sold at 20-25 % higher price. Even after buying diamond, while selling, it is not sold at the price at which the price is purchased. Therefore, do not get into rumors related to the cuts in gold prices.
Gaurav Babbar, Deputy Principal of the Association and Amit Seth said that gold should always be purchased from trusted businessmen as local shopkeepers and showroom owners sell Halmark tests only, gold is stamped on their credibility.
Of course, gold reaches the businessmen for sale only after the government is stamped on gold, but the seal of businessmen’s trust is the greatest belief for the customer. Therefore, it is better to buy gold from businessmen of their faith instead of big companies.
The shopkeepers give gold to their customer only after checking the holymark and the real gold test. Shopkeeper is not only loyal per customer. Ravi Handa, head of the state unit of India Billions and Julers Association and MD of Gogi Julers, will give customers to customers on the auspicious occasion of Akshaya Tritiya for the next one week from April 28, on the purchase of gold to customers.
Not only this, even the labor charges will not be charged from the customer on the purchase and sale of jewelery. He advised that gold never has a loss, so it should never be a panic cell. Swarnakar Ashwani Nameshah, Ashwani Kalsaha, Ravi Handa, Naresh Kumar Jangi, Gaurav Babbar, Indrajit Bobby and Amit Sethi are included in the group discussion.
Gold means faith and economic security: Babbar, Amit Punjab Swarnakar Union state head Ashwani Nameshah revealed that gold prices are increasing by 25 % every six months. In April 2024, there was 60 thousand per ten grams, which crossed 73 thousand by Diwali of November 2024.
Whereas now by the end of April 2025, again up to 25 % growth has reached one lakh per ten grams. He claimed that by October 20, it is scheduled to be Rs 1.25 lakh per ten grams. Ashwani Kalsahah, the district head of Punjab Swarnakar Sangh, compared gold to cash Lakshmi and said that investment in gold is best, investors are investing the most in gold.
The reason is clear, in the last one year, gold has given up to 25 % returns to investors, which is a world -class record. Gold is Sankatmochan, when it can be roasted by cash. Banks also stop paying cash at four o’clock in the evening while cash payment can be taken 24 hours in lieu of gold sales.
