Akshaya Tritiya Gold

Indians continue with 'safe haven' investment, physical or digital, as financial awareness grows

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 ..

With gold prices hovering near Rs 1 lakh per 10 grams, jewellers expect light-weight jewellery and other items to drive consumer demand this Akshaya Tritiya, which is considered an auspicious day to buy precious metals. Akshaya Tritiya, which is celebrated on the third day of bright half of Hindu calender month Vaisakha, falls on April 30 this year. "As we approach the auspicious occasion of Akshaya Tritiya, the gold market is buzzing with anticipation. Akshaya Tritiya holds immense cultural significance in India, traditionally marking a surge in gold purchases. This year, despite the elevated prices, we anticipate a healthy demand driven by light-weight items," All India Gem and Jewellery Domestic Council (GJC) chairman Rajesh Rokde told PTI. Gold on Friday traded weak at Rs 95,075 per 10 grams on MCX, as Comex gold continued to face resistance near the USD 3,330-an-ounce-mark. While some consumers might show initial hesitation, the enduring appeal of gold as a safe-haven asset a

While hallmarking awareness is increasing, a significant portion (27%) is still buying non-hallmarked jewellery.

Akshaya Tritiya holds significant importance in Hindu culture, symbolising prosperity and abundance. The day is also considered auspicious for the purchase of gold and silver

Planning to buy gold this season? Before you visit your local goldsmith today on Akshay Tritiya, make sure you know two key points to prevent getting cheated on. Watch the video to find out.

For the majority of Hindu families, engaging in any positive work on Akshaya Tritiya, such as starting a business or purchasing property, jewels or vehicles brings prosperity

Akshaya Tritiya 2024 Shubh Muhurat: This day is considered a very auspicious occasion to buy gold. Here is a complete city-wise list of auspicious time to buy gold

Jewellery sales are expected to have increased by more than 40 per cent this Akshaya Tritiya, said GJC chief Sayam Mehra

Akshaya Tritiya is an auspicious day to buy and invest in gold; the Shubh Muhurat to invest in gold is from 7:49 a.m. on April 22 to 7:47 a.m. on April 23

Maximum sales were reported in Bengaluru, Delhi NCR, Hyderabad, Mumbai and Kolkata

Traders said depreciating rupee against the dollar helped gold prices to trade higher

Sharp volatility in prices hits the consumer sentiment. Yellow metal rose Rs 85 per 10g from its previous close to settle at Rs 29,855 per 10g on Monday