Srinagar, June 30 -- A decline in gold prices has brought relief to buyers across Kashmir, especially families purchasing jewellery for weddings as the Valley heads into peak marriage season.

The dip has drawn customers back to jewellery markets after months of record-high rates that had dampened demand. Many buyers who had postponed purchases due to soaring prices are now making bookings, traders said.

President, Gold Association Kashmir, Bashir Ahmad told GNS that it would be premature to predict the future direction of gold prices amid continued volatility in global markets. He said 18-carat gold is currently selling at around Rs.12,400 per gram in Srinagar, while 24-carat gold is priced at approximately Rs.14,700 per gram.

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