Malabar Gold & Diamonds — Improper pricing of silver

Address:

Raipur

I visited Malabar Gold & Diamonds store in Raipur (C.G), where I was deciding to purchase silver bracelet of 49.9 GM's, on 11th Dec'22 price of Silver was 68.10/- and they were charging 73+making charges
The usual making charges of silver is 25/- per gram
That makes the price of bracelet 4, 890/-
BUT
They were selling it at 8, 500/-

When I asked them, if I buy today and sell in same store today only... What will you buy at?

They said they will buy at ONLY 3500/-.

2 times cheating.
1. Why price of silver is 73/- when Govt. Price that day 68/-
2. Why the markup if more than 2x?

This is clear case of cheating in metals market. Govt should intervene to prevent Indian Citizen from unfair prices by jwellers in Gold & Silver markets