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May gold imports jump 49% on festive demand: Source

Wednesday, June 5, 2019, 8:39 AM

India's gold imports in May jumped 49% from a year earlier to 116 tonnes as a correction in local prices during a key festival boosted retail demand, a government source said on Tuesday. The country's gold imports in value terms rose to $4.78 billion in May from $3.48 billion year ago, the government official said, who was not allowed to speak to the media.
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Indians Buy 23 Tonne Gold on Akshaya Tritiya

Thursday, May 9, 2019, 10:04 AM

Indians bought 23-tonne gold on the occasion on Akshaya Tritiya this year, a rise of four tonnes as compared to the previous year, said Surendra Mehta, National Secretary of the India Bullion and Jewellers Association (IBJA). Market sources said the bullion market was abuzz on Tuesday and people across the country were excited due to decreased gold prices.
 
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Paytm sees 3-fold jump in gold sales on Akshaya Tritiya

Friday, April 20, 2018, 6:45 PM

Mobile wallet firm Paytm said its gold sales rose three-fold to 20 kg in a single day on the occasion of Akshaya Tritiya on April 18. Over 1.5 million customers transacted 20 kg of gold items, mainly 24-carat gold coins, on its platform on the Akshaya Tritiya day this year, compared with 6.5 kg gold items on the same day last year, Paytm said.

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