Akshaya Tritiya: Mumbai witness gold rush as Delhi markets go quiet

The price of 24-carat gold in Mumbai stood at Rs 97,600 per 10 grams and 22-carat gold stood at Rs 92,000 per 10 grams

Gold demand remained strong in Mumbai this Akshaya Tritiya, even as markets in Delhi saw a sharp drop in footfall. Though prices have eased from their peak of ₹1 lakh per 10 grams earlier this month, they remain elevated, dampening demand in the national capital.

 

In contrast, Mumbai’s jewellery markets saw brisk sales. The Bombay Bullion Association expects at least 100 tonnes of gold to be sold by the end of the day — a stark contrast to the muted activity in Delhi.

 

Jewellery stores in Mumbai’s Zaveri Bazaar opened two hours earlier than usual, with customers queuing up from