1 2 Prayagraj: Despite soaring prices of diamonds , gold, and silver, the city witnesses unprecedented demand for rakhis made of precious metals, claim city-based jewellers. President of the Allahabad Jeweller’s Association Dinesh Singh told TOI, “The sale of gold and silver rakhis has witnessed a rise this Raksha Bandhan. Customers, particularly urban women, are ready to shell out extra bucks to opt for designer and stylish gold and silver rakhis.
” While a designer silver rakhi is available between Rs 700 and 2,000, a gold rakhi of 15 grams is available for Rs 1.05 lakh in the market. Singh said, “Gold rakhi are available in 15, 18, and 20 grams.
” The majority of gold and silver rakhis are being brought from Kolkata, Mumbai, and Delhi for sale in UP markets. “This Raksha Bandhan, we are anticipating a business of Rs 1.5 to Rs 2 crore in jewellery markets this Rakshabandhan in Sangam city alone,” added Singh.
A jeweller having a shop in Civil Lines said that despite the rise in the prices of gold and diamonds, customers are asking about jewel rakhis. He added, “Diamond, gold or silver rakhi is a craze among higher middle class and upper class.” These rakhis are brought as per the requirements of women customers from metropolises.
Rakhis can be worn as a bracelet or a pendant in gold. We also published the following articles recently Make Your Rakshabandhan Shine Bright With Silver Rakhis The article detailed various options for Silver Rakhis, highlighting th.