Technoglitch
Core Member
New Delhi/Bengaluru/Chennai/Kolkata: Buyers started trickling in from the morning to various jewellery shops across the country on Monday to usher in good luck in their lives on the occasion of Akshaya Tritiya. Jewellers expect tepid surge in sales as the gold price has shot up in the last few weeks following global cues.
"I am expecting only 10-12 percent sales growth in value terms and not in volume terms as prices have shot up quite a bit in the last two months, and today it is hovering over Rs.30,000 per 10 grams in the national capital," P.C. Jeweller managing director Balram Garg told IANS in Delhi.
He mentioned that the price of the yellow metal was around Rs.26,000 per 10 grams only two months back. But as the price of the precious yellow metal has gone up in the international market it has shot up in India as well.
Akshaya Tritiya is a holy day for Hindus and the Jains and it is believed to bring good luck and success. It is considered to be an auspicious day to bring home gold.
Jewellers Expect Tepid Sales This Akshaya Tritiya – NDTV Profit
"I am expecting only 10-12 percent sales growth in value terms and not in volume terms as prices have shot up quite a bit in the last two months, and today it is hovering over Rs.30,000 per 10 grams in the national capital," P.C. Jeweller managing director Balram Garg told IANS in Delhi.
He mentioned that the price of the yellow metal was around Rs.26,000 per 10 grams only two months back. But as the price of the precious yellow metal has gone up in the international market it has shot up in India as well.
Akshaya Tritiya is a holy day for Hindus and the Jains and it is believed to bring good luck and success. It is considered to be an auspicious day to bring home gold.
Jewellers Expect Tepid Sales This Akshaya Tritiya – NDTV Profit
