30% sale jump expected on Akshaya Tritiya Day
Posted on: 21/Apr/2015 10:30:49 AM - No. of views : (1665)
The Confederation of All India Traders (CAIT) has mentioned that on Akshaya Tritiya Day (today) it is expected that there will be an increase of 25-30 per cent in jewellery trade.CAIT National President B C Bhartia said most of the sale in gold is expected of smaller value items such as gold rings, coins, chains, bangles and others. Many people have booked gold items with jewellers for delivery on Akshaya Tritiya.
Sales are expected to rise as there is a �positive� buying sentiment this year with gold prices ruling stable at around 26,400 per 10 grams.
World Gold Council (WGC) India Managing Director Somasundaram PR said in a separate release that buying behaviour is returning to �normalcy� following easing of import restrictions. �Gold is therefore set to start shining more brightly this Akshaya Tritiya.�
