Kedarnath Temple reopens after six-month-long winter break; priests offer first prayers on behalf of Narendra Modi
The doors of Kedarnath Temple, one of the four famed Himalayan shrines, opened at 6.10 am today after a six-month-long winter break.
Akshaya Tritiya 2020: Significance of its celebration, mythology and why Hindus buy gold on this auspicious day
Parashuram, an avatar of Lord Vishnu, is believed to have born on Akshaya Tritiya
High gold prices, logistical constraints on delivery, uncertainties surrounding wedding schedules, income anxieties and lockdown in various degrees make it an unusual period that is bound to seriously restrict gold demand.
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Akshay Tritiya is one of the biggest gold buying days due to the auspiciousness attached to it
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Akshaya Tritiya gets off to a good start after three bad years; gold coins, lightweight jewellery most sought-after items
The dip in the price of gold helped and customers have been thronging jeweller stores across cities in the country
Jewellers expect better glitter this festive season on positive consumer sentiment and stable prices
India Bullion and Jewellers Association National vice-president Saurabh Gadgil said he expects 15-20 percent growth in demand this Akshaya Tritiya.
India’s gold imports fell for a fourth straight month in April from a year ago to 57 tonnes on subdued demand after local prices jumped to the highest level in nearly 21 months
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In terms of value, the gold demand fell by 8 percent to Rs 31,800 crore, compared to Rs 34,440 crore in the same period of 2017
In value terms also, the demand surged by 32 percent at Rs 43,600 crore against Rs 33,090 crore in the Q2 2016.
India is the world's second biggest gold consumer after China. The imports mainly take care of demand by the jewellery industry.
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Akshaya Tritiya, a holy day for Hindus and Jains, is believed to bring good luck and success. It is considered to be an auspicious day to bring home gold.
Traders said besides token purchases on the auspicious occasion of 'Akshaya Tritiya', a firm trend overseas mainly kept gold prices higher.
The best way to ensure you buy pure gold is to buy it from reputed jewelers or branded stores
Akshaya Tritiya, which falls on 28 April this year, is considered an auspicious day to buy gold
Indians bought a third less gold than last year during the annual Hindu and Jain holy festival of Akshaya Tritiya on Monday, industry officials estimate, as droughts have hit the earnings of millions of farmers and the metal's price rallied.
After the bullion market remained lull for months, jewellers on the occasion of Akshaya Tritiya today are hopeful of a 10 percent rise in sales.
Akshaya Tritiya is likely to be lacklustre this time as compared to last year because of rising gold prices.