Silver price surge takes the shine off Karimnagar Silver Filigree art

AI Summary

The surge in silver prices over the past five years has adversely affected the Karimnagar Silver Filigree art industry, leading to a decline in sales and artisan incomes. Craftsmen are adapting to the changes, but struggles to maintain livelihoods are evident as buyers increasingly shift towards bullion investments.

A steep rise in silver prices over five years has severely impacted Karimnagar’s GI-tagged filigree industry, slashing sales and artisan incomes. With buyers shifting to bullion investments, craftsmen struggle to sustain livelihoods despite adapting with smaller, lighter designs and reduced margins.