00:00The physical stocks which were there is all sold out or it's actually out of stock.
00:17It's not that the retailers are deliberately saying that it's out of stock.
00:21The bars are not coming in from Europe or other destinations which were normally coming
00:26in.
00:27There's a lot of scrap coming in which was earlier transferred into kilo bars.
00:32The scrap is also not coming in from the consumers because of the low prices.
00:37It's not like that.
00:38It's only on 24 carat gold actually that is actually out of stock.
00:42They have it but they don't know the market is quite volatile.
00:44If you see on the jewellery, prices have dropped down, we also have dropped down.
00:49It's only on 24 carat there is a difference on the price.
00:52That is why the sellers are not selling it.
00:55They know if it is a volatile market, the price might go up also.
00:58But in jewellery, if the price comes down, we have to sell it at a lower price.
01:01We can't make more profit on this.
01:03If we don't have it, we say we don't have stock because we don't get the gold bars like
01:08that.
01:09But if we have the stock, we are selling.
01:11But nowadays we are also not getting stock.
01:13So we don't have the stock.
01:14That's why we are not giving to the customer.
01:16It is not like that.
01:17We block the gold and keep it.
01:19If we get from Switzerland, then also we can give to the customer.
01:24Sometimes we have the stock but in my offices.
01:28Usually the customer comes and asks for the late time, so maybe the offices are closed.
01:33So we can't meet the requirement of the customer.
01:36But usually the people don't say that we don't have the stock and we don't want to sell.
01:41Because we are here to sell.
01:42All retailers in the gold souk are facing this shortage.
01:46Even the kilo bars, the TT bars, nothing is readily available.
01:52But it will take time.
01:53I think in a week's time everything will settle down again.
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