Skyrocketing Gold Prices: Weddings Seek Cheaper Alternatives, 1-2 Gram Jewelry Trends

• Gold prices in India have reached unprecedented levels, delighting investors but posing a challenge for traditional gold buyers.
• Rising gold and silver prices are making it difficult for common people to adhere to traditions of gifting precious metals at weddings and festivals.
• Bullion traders note a shift as people cancel plans to buy gold and silver, exploring alternatives like diamonds, platinum, or other gifts.
• Geopolitical tensions, expectations of Fed rate cuts, and market uncertainties are cited as reasons for the price surge.
• Middle and poor families find gold increasingly unaffordable, leading to a trend of opting for 1-2 gram jewelry for weddings.