The Indian gold market is in the hands of a steady future

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For the past few days, gold prices in India have shot up after a sabbatical of more than 5 months. With the current hike in price, it is standing at Rs 30,860 per 10 gram. This hike in price has given the bullion market the much-needed stability after long.

The stability in prices has given traders the hope that was long lost. The shifting market trends have shot up the purchasing power of traders. Backing the interest of gold traders, the price hike has given gold buying a boost. Change in the market has happened after a year’s low in the Rupee prices.

After the initial recovery, the market is looking forward to changing the way gold is bought. Various jewelers and gold manufacturers are implementing new techniques and strategies to capitalize the current scenario. A perfect example of this can be Rajesh Exports. The company under the leadership of owner Rajesh Mehta, has been taking noteworthy steps in order to change the buyer’s perspective.

The upcoming e-store by Rajesh Exports is a perfect match to the current customers’ buying patterns. Aligning with the need of today’s buyers, it will not only help them save time, but will also ease the process of buying jewelry. The online store will have prices based on the current live gold rate, which in itself is a clear indication of transparency.

Another major step by Rajesh Exports MD, Prashant Mehta are the upcoming duty free shops that will provide gold bars through automatic vending machines at airports. The gold bars will be available in 1gm, 2gm, 5gm, 10gm, 20gm, 50 gm and 100 gm.

The expansion of operations by Rajesh Exports also includes an increase in the number of their retail stores, Shubh Jewellers. At present, Karnataka is the only state which has more than 80 Shubh Jewellers stores. Eyeing a bigger share in the market, the company is looking forward to making a mark all over the country and even globally.

The policies that Rajesh Exports holds include rate per gram and no making charges. It is these policies, that the company which regulates more than 35 per cent of the global gold trade, is preferred over others, even in the retail sector.

A major highlight that cannot be missed out when talking about Rajesh Exports is the takeover of Valcambi. The takeover gave the company the power to procure raw materials at a price cheaper than the market, and thus gave it an edge over its competitors.

Making the most of the recent changes in the market, companies like Rajesh Exports have put the pedal to the metal and are capitalizing the moment. With positive news flowing, the market is expected to rise in the near future.