ludhiana hiked gold price have failed to make the city jewellers happy as they rue that being wary of the fluctuation in the price the residents are thus not turning up to buy jewellery the buyers had been apprehensive due to the constant fluctuation in the price of gold only those who have to buy jewellery for some occasion and can not wait are the ones who are buying jewellery last few days have witnessed a dip in the numbers of the buyers said anand sikri president of ludhiana jewellers association owner of thapar jewellers in the old city tribhuvan thapar said the price of gold last friday was 25600 and now the price has increased to rs 26800 per 10 grams however the decrease and the increase in the prices have affected the market badly and the jewellery sales had dropped drastically customers believe that the gold price is going to go down anyhow and thus they are not ready to buy anything as of now and thus it is not a very pleasant situation for us anyhow owner of kay and kay jewellers near fountain chowk puneet kapoor informed that they too had been hoping of things improving and the price of gold stabilizing so that jewellery sale increases and we do business profit every day gold prices depend on the international scenario moreover ever since the union finance minister has requested people to refrain from buying gold people had been cautious lets see which way the wind blows and what happens to the market in the coming days he added manpreet singh a businessman from model town said this is not the right time to buy gold item as there is a lot of fluctuation in the price of gold these days there is a strong sentiment that the price may go down to a great level and thus we too are waiting for it and not buying gold at present i have to buy jewellery for the marriage of my sister but we are waiting as of now