2024-05-11 14:28:50
New Delhi: Indians continue to have a fascination for gold. Today i.e. Friday is Akshaya Tritiya. In such a situation, despite the high prices, there is enthusiasm for purchasing at the jewelers’ counters in the market. Apart from gold jewellery, this time good buying is also expected in coins, bars and gold ETFs. From small jewelers to big branded stores, they have offered various schemes and discounts to the customers. According to commodity expert Ajay Kedia, on the last Akshaya Tritiya, gold was Rs 59,845 per ten grams. On Thursday, May 9, it had reached Rs 71,505. In such a situation, gold has given a return of about 20 percent in the last one year. According to Kedia, there are factors responsible for the rise in gold. In such a situation, gold may cross Rs 80,000 on the next Akshaya Tritiya. People’s trend continues. Due to good returns, the interest of youth in gold commodity based mutual funds is increasing rapidly.Gold Reserve: These countries of the world have large reserves of gold, know how much gold India has.
There was hustle and bustle in the markets
From Mumbai’s Zaveri Bazaar to Delhi, Lucknow and across the country, small to big bonded jewelery has made various offers to the customers. Colin Shah, MD of Cama Jewelery said that he is seeing an increase in demand this Akshaya Tritiya. Kumar Jain, head of Umaidmal Trilokchand Jhaveri, says that it is expected that the sales will be 15-20 percent more than the previous Akshaya Tritiya. Gold has come down a bit in the past few days. At the same time, people know that it can go back up quickly.
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There will be good buying in silver
Good buying of silver is expected on Akshaya Tritiya. In the last 6 months, silver, which was increasing slowly compared to gold, is suddenly seeing a rise. Silver is trading at Rs 82,000 per kg. Silver has not grown at the same pace as the Silver Emporium. But silver is now catching up with the rise in gold. In such a situation, further rise in silver is expected. It is showing good strength going forward. It is not surprising if silver is seen up to Rs 95 thousand per kg. Yes, investors are advised to book profit at this rate and sit peacefully. If anything goes up, it also comes down once.