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Tripuea: Rising Gold Prices Hit Jewellery Market Hard

  • By Thetripurapost Desk, Agartala
  • Feb 01, 2026
  • 613

Gold prices continue to surge, touching record highs, while silver prices are also on a steady upward trajectory. On Sunday, the price of 10 grams of gold stood at ₹1,52,650, while one bhari of gold was priced at ₹1,78,091. Silver prices also witnessed an increase, with ten bhari priced at ₹3,200 and one bhari at ₹3,733.
The continuous rise in precious metal prices has raised serious concerns among both consumers and traders. Just a few days ago, the price of one bhari of gold had crossed ₹1.82 lakh before declining by nearly 10 percent. Despite the correction, gold remains well beyond the purchasing capacity of the common man, significantly impacting market demand.
Jewellery sales have seen a sharp decline, with buyers noticeably reducing purchases across jewellery stores. Agartala city, which has several established jewellery shops, is witnessing the effects of this slowdown. Traders have expressed deep concern over the unchecked rise in gold prices.
Speaking on Sunday, a senior gold trader described the situation as alarming. Ahead of the Union Budget, jewellery traders had submitted proposals to the central government, including demands for a reduction in the Goods and Services Tax (GST) on gold. The government had assured traders that demand-related issues would be considered seriously.
However, following the presentation of the budget, it became evident that no significant measures were announced to address rising gold prices. Traders now fear that prices may climb even higher in the coming days, further weakening market demand.
Jewellers have urged the government to ensure that gold prices remain within the reach of ordinary consumers. They have also indicated plans to renew discussions with the authorities in an effort to stabilise prices.
Meanwhile, reports following the budget presentation suggest that the prices of several minerals are also likely to rise in the near future, adding to broader inflationary concerns.