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Gold price spike pushes Kancheepuram silk saris prices by 50%, sales plummet

By Economic Times - 6 months ago
As the wedding season approaches, families shopping for Kancheepuram silk saris face sticker shock due to soaring gold prices, prompting a shift in consumer preferences. Retailers like RmKV report a 20% decline in sales, while industry insiders reveal a staggering 50% price hike over the past eight months.

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