Akshaya Tritiya: What kind of gold will be sold on Akshaya Tritiya, know what experts say..

With gold prices hovering around Rs 1 lakh per 10 grams, jewelers are hoping that consumer demand for lightweight jewelery and other items will increase on this Akshaya Tritiya. Akshaya Tritiya is considered an auspicious day to buy precious metals. According to the Hindu calendar, Akshaya Tritiya celebrated on the third day of Shukla Paksha of Vaishakh month, is on 30 April this year. The special thing is that in the current year, gold prices have seen an increase of 25 percent. Whereas since the last Akshaya Tritiya, gold prices have seen a rise of 40 percent. Let us also tell you what kind of predictions experts are making on the occasion of Akshaya Tritiya this time.

How will the demand for gold be

All India Gem and Jewelry Domestic Council (GJC) Chairman Rajesh Rokde said that as we approach Akshaya Tritiya, the gold market is buzzing with excitement. Akshaya Tritiya holds immense cultural significance in India, traditionally symbolizing an increase in gold purchases. He said that despite the high prices of gold this year, there is a good demand for lightweight items or jewelry. Comex gold is facing resistance at the level of $ 3,330 per ounce, due to which gold was trading weak at Rs 95,075 per 10 grams on MCX on Friday.

Sales will increase on Akshaya Tritiya.

Rokde said that some consumers may show initial hesitation, but due to the enduring appeal of gold as a safe investment and being an integral part of Indian traditions, sales are likely to increase positively on Akshaya Tritiya. He said that to boost market demand, the industry is introducing a variety of products keeping in mind different budgets and preferences. Last year, on the occasion of Akshaya Tritiya, the price of gold on the country's futures market Multi Commodity Exchange was Rs 72,727 per ten grams on May 10. Which has come down to Rs 94,256 per ten grams on April 25, 2024. This means that the price of gold has seen an increase of Rs 21,529 per ten grams. This means that gold has given a return of 29.60 percent to investors.

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