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Why Gold and Silver Prices are High.
Why Gold and Silver Prices Remain Elevated?
The rising cost of gold and silver is the result of several intertwined forces. Investors continue to flock to these metals as safe-haven assets in times of economic uncertainty, while silver faces particularly strong industrial demand. Central banks are steadily increasing their gold reserves, and silver’s persistent supply deficit adds further upward pressure.
The current geopolitical tensions and trade disputes have created a sense of instability, leading to increased demand for gold and silver. At the same time, silver has an indispensable role in industry. From electronics to renewable energy, silver is a critical component.
Another factor contributing to the high prices of gold and silver is the weakening of the US dollar. As the value of the dollar decreases, investors turn to precious metals as a hedge against inflation. This increased demand puts upward pressure on prices, driving them higher.
What does all this mean to our business?
Our basic materials and gold, silver are increasing every day. Its really eye watering at times. This pressure has made it necessary for us to raise our prices. We have already adjusted them and are also absorbing some of the costs ourselves to ensure we can continue supporting our customers and keep our small business thriving.
It’s more important than ever to support local stores and artisans who create with passion, regardless of the costs. A heartfelt thank you to all our customers who have stood by us.
This year marks the Connie Dimas Jewellery and artisans, 14th Christmas in Dulwich Hill Village! We proudly make and curate the most unique range of gifts, some locally made, others further a field.
Thank you for being part of our journey.
