Gold-Silver Crisis: Delhi Jeweler's Anguish as Soaring Prices Shatter Wedding Dreams

• A Delhi jeweler expresses inability to afford gold for his daughter's wedding due to sky-high prices, highlighting a widespread struggle.
• Gold and silver prices have seen continuous, unprecedented rises, with silver exceeding 2 lakh and gold nearing 1.45 lakh.
• Customers are flocking to Asia's largest bullion market, Kucha Mahajani in Chandni Chowk, but are forced to buy lighter jewelry.
• Traders and customers urge the government to reduce the 3% GST on gold and silver to provide relief amidst rising costs.
• The Chairman of The Bullion and Jewelers Association attributes rising prices to MCX (Multi Commodity Exchange of India Limited) and calls for its removal and GST reduction.

Why It Matters: Soaring gold and silver prices, exacerbated by GST and MCX, are making jewelry unaffordable for many Indians.