indore the surge in covid19 cases with the second wave underway has dented physical gold demand with sales down by over 30 in a fortnight negating the impact of lower pricescancellation and postponement of weddings amid growing health concerns have hit sales of gold in the market as against the anticipation that the price drop will boost wedding purchasesanil raka a board member in indore sarafa association said sales of gold has taken a sharp hit post the spike in covid cases people are postponing weddings and this is affecting their purchase plans we were hopeful of a good season this summer because of the decline in gold prices but everything has gone for a toss once again advt families have kept gold purchases on hold while many customers have squeezed the shopping bucket as the initial plan has turned to a lowkey affair amid pandemicinduced restrictionsin indore spot 22 karat gold is trading at rs41000 per 10 grams and 24 karat is rs44800 per 10 grams as on wednesday spot gold has fallen by more than 8 in indore said tradersrajesh soni managing an outlet of a jewellery chain in indore said ever since covid cases have started rising purchases have dropped families hosting weddings have cut down on jewellery expenditurejewellers said the buying had improved last month due to drop in prices of the yellow metal and weddings but the sudden jump in number of positive cases and administrative restrictions has muted demandthey said the decline in prices had also attracted many investors in the market pushing gold business back to 6080 but growing health concerns have again dampened the sentiment by meenakshi sharma tnn published on apr 1 2021 at 0353 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app gold weddings indore restrictions karat gold homenewsgold price falls but demand fails to pick up