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Dealers attribute it to the advent of Lunar New Year in China and wedding season in India.
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May is the peak for Hindu wedding ceremonies in India, where gold is often bought to give to brides.
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Prices tend to rise into year-end due to a number of gift-giving holidays around the world, starting with the so-called wedding season in India and continuing through to the Chinese New Year holiday early in the following year.
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Some of the band's inspiration comes from a childhood visit Mr. Jain made to India for his uncle's wedding.
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The wedding and celebration season in India is seeing some increased demand for physical gold at present.
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Azhar Sheikh Azhar, a 32-year-old farmer with an eight-acre property in Dahegaon Village, India, canceled plans for a lavish wedding with gifts of gold jewelry for his niece this year.
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There are around 15, 000 such companies offering across India, conducting an average of 50-100 investigations a month during peak wedding season, says Kumar Vikram Singh, chairman of the Association of Private Detectives of India (APDI).
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She once did a wedding in which the royal families of India, the Clintons, and Sonia Chokshi all attended, among other major names in Indian and American politics.
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New Delhi, India (CNN) -- Indian tennis player Sania Mirza and Pakistani cricketer Shoaib Malik exchanged wedding vows Monday in a controversy hit celebrity union across the deep political and religious rivalries that divide their two countries.
CNN: Pakistan's Malik weds India's tennis star Mirza