On Akshaya Tritiya, while many people traditionally purchase gold, silver, property, utensils, and other such valuable items, it's important to remember that the true significance of this festival lies in choosing something that holds personal meaning and is believed to bring good luck and prosperity. The key is to select something that resonates with you on this auspicious day.
Gold prices for 24 Karat gold on April 23 were ruling Rs 62,090 per 10 grams, compared to Rs 50,800 per 10 grams last year.
Though Akshay Tritiya is considered an auspicious occasion to buy gold, do not bet all your money on gold in one go.
While business was good for the big jewellers, even the smaller ones have been able to wipe off their last year’s losses; a Rs 4,000 per gm fall in gold prices too helped.
This Akshay Tritiya, we bring you a lowdown on the key trends in gold buying, along with some options to buy other than purchasing the precious metal in physical form
Experts see gold prices touching Rs 53,000-55000 per 10 gram by next Akshay Tritiya.
Let sentiments not play the main role in property buying today. Mindfully analyze the actual festive benefits before taking the final call. And don’t forget to buffer in for those hidden charges
Gold traders will be sweetening the deal this year with freebies, discounts and cash-back offers. Some branded buyers are giving huge discounts on making charges, while others are gifting free coins with purchases.
Every organised jewellery company will report good growth in the current quarter, said Sanjeev Bhatia, CFO, PC Jeweller.
Buying gold on this day every year, is akin to a systematic investment plan in gold.
Watch the interview of Harsh Roongta, SEBI registered Independent Financial Advisor with Surabhi Upadhyay on CNBC-TV18, in which he shared his reading and outlook on buying gold on the occasion of Akshay Tritiya.
"On the auspicious occasion of Dhanteras on Monday, November 9, 2015 the exchange has decided to conduct Extended Live Trading session in Gold Exchange Traded Funds (ETF) securities in the equity segment," BSE said in a notice.
Lower prices of gold are getting us handsome footfalls since morning, said RK Sharma, ED & COO of PC Jeweller. He is upbeat on the sales on the back of auspicious occasion of Akshay Tritiya and upcoming wedding season.
Gold sales are expected to surge by 20 to 25 percent but financial experts says investors should not park anything more than 10-15 percent of their portfolio in gold.
Buying gold is a ritual for many on the auspicious occasion of Akashay Tritiya. However buying it in the right form with right set of expectations can make it a good part of your portfolio.
The jewellery trade is expecting an increase of about 25-30 percent in sales this year in comparison to sales made last year on Akshya Tritiya.
Gold imports in the fiscal year 2014/15 ended March 31 jumped to 900 tonnes, up 36 percent from a year ago, the TV reports showed.
Retailers expect a growth of 40 percent in sales of gold this Akshay Tritiya given the weakness in prices.
Gold prices in India, the world's biggest buyer of the metal, fell below the 29,000 rupees mark, a level keenly watched by importers and jewellers to re-stock gold for weddings and festivals.
Traders in Gujarat said that gold sales remained brisk on the auspicious occasion of 'Akshay Tritiya', notwithstanding the surge in the prices of the precious metal.
Ahead of Akshay Tritiya, all that glitters is gold. Considered an auspicious occasion to buy the yellow metal, investors are now banking on gold exchange traded funds (ETFs) which have been performing well.
The day of Akshay Tritiya is a special occasion to acquire gold. To make this day truly auspicious, you should invest in Gold ETFs.