Nashik, a city steeped in history and culture, boasts a vibrant and active gold and silver market. These precious metals hold significant cultural and financial value for its residents, making gold trade in Nashik a crucial aspect of the local economy. The city’s strategic location in Maharashtra further solidifies its position as a key trading hub.
The market for gold trade in Nashik is influenced by a confluence of factors, ranging from global market trends and currency fluctuations (particularly the USD-INR exchange rate) to local demand. Festivals like Diwali, Akshay Tritiya, and Ganesh Chaturthi, along with the perennially popular wedding season, consistently drive up the demand for gold jewelry and investments. Nashik is a significant hub for gold consumption, and its prices are directly impacted by import duties and government policies, such as changes in Goods and Services Tax (GST) rates on precious metals. Local jewelers, both large establishments and smaller family-run businesses, play a pivotal role in facilitating this trade, offering a wide array of designs and investment options to cater to diverse customer preferences.
Similarly, the silver trade thrives in Nashik, with prices fluctuating based on global markets, industrial demand (especially from nearby industrial hubs that utilize silver in electronics and manufacturing), and local consumer preferences. Silver is seen as an affordable investment option, particularly for smaller savings, and is widely used in traditional jewelry, utensils, and religious artifacts. Both gold and silver are considered safe-haven assets, especially during periods of economic uncertainty or market volatility, leading to increased demand and price movements. The city sees a steady flow of transactions, from direct purchases at numerous jewelers and dedicated bullion traders to the buying and selling of scrap gold and old silver ornaments, contributing significantly to Nashik’s dynamic and traditional economy. On this background Takle Bandhu a jewelry firm incorporated by four brothers came into existence in the year 1929 and went on to become an epitome of ethical trade ,wide variety and fair pricing . Today Takle Old Gold draws it’s high standards from that legacy.