Silver Jewelry Prices Surge Over 100% in July, Other Commodities Up

Luxury segments experienced sharp price hikes. Silver jewellery inflation surged to an annual 109.84 percent, driven by heightened demand and global metal price volatility. Gold, diamond and platinum jewellery prices rose 32.98 percent. Ginger (adrak) prices jumped 83.62 percent and garlic (lahsun) increased 35.36 percent. Onion prices climbed 22.54 percent, adding to the pressure on household budgets.