Soaring Gold Prices Spell Doom For Goldsmiths In Telangana
Hyderabad, Mar 21 (Maxim News): With gold prices continuing to soar, goldsmiths across Telangana are apparently bearing the brunt of the unprecedented rise in the price of the yellow metal.
“We are unable to find jobs such as molding various ornaments of gold due to the steep increase in gold prices. People are now buying less quantity of gold than earlier for marriages and other social functions, affecting our livelihood,”
The goldsmiths generally take up jobs such as designing, crafting, repairing, and modifying jewelry and other decorative items using metals like gold, silver, and platinum. Their job requires intricate techniques and a keen eye for detail. They collect charges for performing the job from customers.
The goldsmiths reasoned that people were not approaching them to make gold ornaments due to the skyrocketing prices of gold. “People are buying less gold than earlier considering the rise in the prices. Consequently, goldsmiths are adversely affected. Lives of many artisans are being thrown out of the gear.” a senior goldsmith regretted.
Telangana currently accounts for nearly 50,000 goldsmiths even as the occupation is on the wane with the advent of modern technology in crafting jewelry.
The distressed goldsmiths urged the State government to provide job security to them by extending loans and training. They also want social security pensions on par with beedi workers and weavers. Lamenting that they were caught between survival and a vanishing occupation, they said the soaring gold prices had just added to their woes. (Maxim News)
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