COVID-19 pandemic casts a shadow over Surat gold trade
Surah: The resurgence of COVID-19 has hit the gold jewelry trade in Surat. Jewelers said the business had been in the fall for four days after an increase in the number of COVID-19 cases in the country was reported.
Deepak, a jeweler, said: “Business was going well. But now Corona has reappeared and there is a lockdown issue again, so customers are concerned.”
“They used to keep some savings in reserve, but during the lockdown they held back buying gold with their savings. In the past 4-5 days, the business has plunged. Prime Minister Modi said there would be no further containment but only nighttime curfews, so I hope business picks up soon, ”he added.
Jine Choksi, another jeweler, said: “After the foreclosure business has gone really well, in the last 3-4 days the situations have changed. Customers are afraid to leave their homes, but I take it positively because gold is very liquid. and a safe investment and people will come back to it in these troubled times. “
Dinesh Navadiya, regional chairman of GJEPC Gujarat Gemstone and Jewelry Export Promotion Council informed that exports of gemstones and jewelry have increased in the post-COVID-19 period.
Gujarat has reported 2,219 new cases of COVID-19, 2,280 recoveries and 42 deaths in the past 24 hours, the Union Health Ministry informed on Saturday. There are 22,692 active cases of COVID-19 in the state.
According to the ministry on Saturday, the country has recorded 1,45,384 new cases of COVID-19 in the past 24 hours. With 794 new COVID-related deaths in the past 24 hours, the toll in the country stands at 1,68,436. Currently, there are 10,46,631 active cases.
No less than 9,80,75,160 people have been vaccinated against COVID-19 in the country.
This story was posted from a feed with no text editing.
Never miss a story! Stay connected and informed with Mint. Download our app now !!
