27 Nov 2021
DiamondWorld Directory
-
Home |
News
Home
Akshaya Tritiya expected to bring rise in gold jewellery sales
Stabilised gold prices and rising consumer confidence may push sales
By: Diamond World News Service
|
Mar 16 2010 12:33PM
|
Reference: 4757  

DecreaseIncrease

As reported in a leading media, sale of gold jewellery is likely to rise in the Akshaya Tritiya festival arriving on May 16, 2010. Akshaya Tritiya is an Indian festival celebrated as the augmentation of auspiciousness for the year ahead. Gold has always been inherent to Indian festivals for its symbolism of auspiciousness, and prosperity.

This year, the Akshaya Tritiya festival is likely to bring around 25-30 percent increase in sale of gold jewellery, as compared to the corresponding period a year ago, reports add. The expected increase is being attributed to a rise in consumer sentiments, gold prices more or less stabilising at INR 16,500 to 17,000 per 10 grams, and rise in consumer confidence to buy jewellery, reports say.

Gold, in the international market stood at USD 1,103.80 an ounce, reports say. While in Delhi, India, gold was trading today at INR 16,463 per 10 grams on the futures market, and traded at INR 16,745 per 10 grams on the spot market.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Search News by City
Recent Issue
2021
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 30141
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 6590
GJEPC Chairman Interview
Views: 26398
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 36286
Promo for IJ Awards 2012 at NDTV Profit
Views: 50229
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 63585
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 20371
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 48224
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 47359
Advertisement
Finestar Diamonds
Advertisement
DW Whatsapp Sub sq
Member of:
Supporter of: