Ever since Brexit became a reality, the price of gold has been continuously rising. Early in this morning, the price of gold reached its highest peak since April 2014. Local jewelers has witnessed a sharp decrease in sales because people are now more reluctant to buy jewelries following the sudden rise in price.
Deotan Santokhee, who was the president of ‘l’association des bijouteries de Maurice’ claims that the situation is alarming and distressing for both jewelers and clients.
He further adds that as example, buyers will now have to pay around Rs3000 to Rs4000 more for a jewel of 24 grams.