New Delhi: Most families in India are facing financial difficulties due to the Karuna epidemic, forcing people to sell even their most valuable assets to meet their daily needs.
According to Indian media reports, the country has been hit by a severe economic crisis due to the Corona epidemic. Gold and Hindu women are also forced to sell their ‘Mangal Sutra’, their most valuable asset, to meet their needs.
However, the deficit has been offset by rising prices of fuel, electricity, foodstuffs, etc. over the past few weeks, with many financially distressed families and small businesses selling gold jewelery as their last resort. Or they are taking loans by mortgaging them.
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Mumbai’s jewelery market is witnessing hundreds of incidents every day where women are flocking to the market to sell their most precious wedding memories.The local goldsmith said that in recent months, his customers, especially women, have sold him a wide variety of jewelery, including gold bangles, bracelets, rings, necklaces and earrings. Sutra sells, it is a sign of a married woman.
According to a research conducted by Azeem Premji University, 23 crore Indians have fallen into poverty due to business shutdowns and job losses in the last one year. There are severe difficulties in paying the hospital bills.
On the other hand, according to a report by the Reserve Bank of India, in the first eight months of the year 2012, banks lent about Rs 4.71 billion in exchange for mortgaging gold, up 74 per cent from the previous year. Is more