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Monday, May 23, 2022

Akshaya Tritiya 2022: After 2 years, today the market was bright, businessmen expect 30 tons of business this year

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Akshaya Tritiya 2022: Buying gold on Akshaya Tritiya is considered auspicious. Being a public holiday, the auspicious day of Akshaya Tritiya has got off to a great start on Tuesday. After the end of the effect of Corona, after almost 2 years, the market is getting brighter today. A large crowd is being seen here for jewelery traders. Consumers are reaching the shops to shop for jewelery even before the temperature rises due to the heat.

Today 25-30 tons can be traded
Shyam Mehra, vice-president of All India Gem and Jewelery Household Council (GJC), told PTI-language, “Jewelry traders across the country opened their shops early and the number of customers has been seen increasing since morning. There has been a positive sentiment in the market since 15 days. The market will remain bullish even on Akshaya Tritiya day. Traders told that today we are expecting a turnover of 25-30 tonnes.

How much is the price?
When asked whether higher prices would hinder sales, Mehra said gold prices have come down from Rs 55,000-58,000 per 10 grams to Rs 50,500 per 10 grams. The reduction in prices has strengthened consumer sentiment.

The strength seen in the number of customers
Echoing similar view, Saurabh Gadgil, Managing Director and CEO, PNG Jewelers said that the customer base is showing strength and is expected to increase as the day progresses.

Buying gold is considered auspicious
Ramesh Kalyanaraman, Executive Director, Kalyan Jewelers said that buying gold on Akshaya Tritiya is considered highly auspicious and this tradition has maintained the positive trend in the market. Avneesh Anand, Chief Operating Officer (COO) and Co-Founder, Caratlane, said that the purchasing power of the Indian market has increased this year.

Read also:
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