No price spike likely this Akshaya Tritiya
Tuesday, April 17, 2018, 9:34 AM
Gold prices may not rise sharply this Akshaya Tritiya despite a spike in geopolitical tensions. Bankers and analysts reckon that the market has already factored in the consequences of an US-led missile attack against Syria last Saturday itself. Gold prices are likely to remain range-bound and hover around the Rs.31,000-31,500/10-gm-mark on April-18, when Indians celebrate Akshay Tritiya, an auspicious day to buy gold.
Jewellers expect 15-20% growth in sales this Akshaya Tritiya
Monday, April 16, 2018, 9:26 AM
Jewellers are expecting 15-20 percent increase in sales this Akshaya Tritiya, mainly on the back of positive market sentiment, stable prices and ongoing wedding season. Things are looking positive this year and the prices are also stable, ruling at around Rs 30,820 per 10 grams. There is also a lot of traction for wedding jewellery due to ongoing marriage season.