Advertisement
Saturday, Oct 23, 2021
Outlook.com

Carat & Stick

To buy, postpone, or sell? Doubt grips pandemic-hit Indian gold buyers in the midst of the festival and marriage season.

Carat & Stick
Graphics by Vinay Dominic
Carat & Stick
outlookindia.com
2020-09-30T11:48:38+05:30

Aah… the lure of gold! From kings to commoners, from ancient to modern times, gold has seduced us all, its glitter unfading, its power undiminishing throughout human history. Tales of our gold frenzy are unrelenting, and this seems to be still the case now as the world is perceived to be in the grip of yet another great global gold rush. But these are difficult times in a world forced indoors by a mystery virus. Aside some dings and dents, with the global economy in a tight squeeze, the lust for gold hasn’t diminished though.

For one, the high price of gold is unnerving . Prashant Jadhav, 30, a Mumbai-based professional, deferred his wedding by a few months to next year. Neither he nor his spouse can afford the ornaments for the occasion. A homemaker in Ranchi, Radha Munda, isn’t able to muster courage to buy a gold chain for the coming festive season.

Even the brave are cautious. Like Srinagar-based Nasreen, who plans to marry in April 2021. “I bought less than what I wanted to, but then the quantity was more than what my in-l­aws got...

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

 India 'Steadfast Partner' In Global Fight Against Covid-19: PM Modi

India 'Steadfast Partner' In Global Fight Against Covid-19: PM Modi

As wishes pour in from various countries, Prime Minister Narendra Modi thanks world leaders for hailing India's feat of crossing 100 crore Covid vaccine doses.

Pfizer Covid-19 Vaccine Effective For Kids: FDA

Pfizer Covid-19 Vaccine Effective For Kids: FDA

As per FDA scientists, Pfizer vaccine's benefit for preventing hospitalisations and death from Covid-19 would outweigh any serious potential side effects in children.

ENG v WI, T20 WC 2021: Black Lives Matter, Teams To Take The Knee

ENG v WI, T20 WC 2021: Black Lives Matter, Teams To Take The Knee

According to England skipper Eoin Morgan, the players feel strongly for the cause and support, and also want to be a part of making a change.

How Himachal Pradesh Is Waging War On Drugs Against Cartels In The Hills

How Himachal Pradesh Is Waging War On Drugs Against Cartels In The Hills

The Narcotics Control Bureau (NCB) informed the Himachal Pradesh police earlier this year that some of the biggest drug hauls were traced back to the hill state.

Advertisement