Akshay Tritiya

In early 1980, investors, according to Capitalmind, were inspired by the stellar returns of the 1970s. If they invested in gold back then, they would have faced two decades of negative returns.

The domestic jewellery market is likely to witness a "mixed trend" in gold and silver buying on the auspicious day of Akshaya Tritiya amid sharp rise in prices of precious metal, Confederation of All India Traders (CAIT) said on Tuesday. All India Jewellers and Goldsmith Federation President Pankaj Arora has projected a business of Rs 16,000 crore on Akshaya Tritiya, a Hindu festival celebrated on April 30. "This year, jewellery markets across the country are witnessing mixed trends ahead of Akshaya Tritiya, mainly due to the sharp rise in gold prices in recent weeks," CAIT said in a statement. Currently, gold prices have touched Rs 1 lakh per 10 grams, compared to Rs 73,500 on the day of Akshaya Tritiya last year. Similarly, silver prices have touched Rs 1,00,000 per kilogram, up from Rs 86,000 per kilogram in 2023. All India Jewellers and Goldsmith Federation President Pankaj Arora said, "Typically, Akshaya Tritiya sees a surge in purchases, but this year, elevated prices have ..

Weak job data bolstered the speculation that the weakening economy would force the US Federal Reserve to cut rates

"Eid-ul-Fitr, Akshaya Tritiya and Parshuram Jayanti may be celebrated on the same day on April 22. In view of the present environment, the police will have to be extra careful"

If prices gets lower around Rs 46,650 during Akshaya Tritiya 2021, we would recommend investors to buy

Many Indians had relied on apps such as Paytm Gold, Mobikwik or Google Pay to buy gold on the auspicious day, as jewellery shops remained shut due to MHA guidelines

Industry estimates suggest that nearly 30 tonnes of gold is sold on Akshay Tritiya, last year

Mumbai, 28 AprilJewellers expect Akshaya Tritiya on Friday to be the best they've had since 2013, with demand estimated at 30 per cent higher than last year in volume terms on this auspicious occasion for buying of gold.The number of customers is estimated to be 50-60 per cent higher, due to more preference for lower prices jewellery, in the range of Rs 30,000-50,000.Somasundaram P R, the India managing director for the World Gold Council, said: "Festive sentiment among both trade and consumers appears to be stronger this Akshaya Tritiya as the industry emerges steadily from a period of sluggishness during and immediately following demonetisation. Gold's attractiveness as a preferred asset class is enhanced this season by an appreciating rupee and its impact on price, as well as a sharp rise in stock markets. Various trade offers and promotions point towards increasing momentum, though challenges remain regarding the transition to GST (the coming national goods and services tax) in ...