Akshaya Tritiya gets off to a good start after three bad years

 

MUMBAI, May 7: After languishing for the past

three years, this year’s Akshaya Tritiya got off to a good

start Tuesday with jewellers reporting higher footfalls.

Consumers have been thronging to jewellery shops to

buy token gold items and also to take delivery of their pre-

booked jewellery.

All-India Gem & Jewellery Domestic Council chiarman

Anantha Padmanabhan said he has been getting positive news

from across the country especially from the South.

“Despite the scorching heat, the response so far is

positive as people are flocking to jewellers mainly due to

stable prices. We see more offtakes of light weight jewellery

during this auspicious day and expect more momentum after the

office hours,” he said.

Favourable prices are helping the positive consumer

sentiment. Currently, gold is ruling at Rs 31,800-32,000 per

10 grams.

“Footfalls are good despite the heat and a working

day. Mostly women are visiting shops to buy token items like

coins or light weight jewellery. Many are coming in to pick up

pre-booked jewellery,” Nitin Khandelwal of Khandelwal

Jewellers, who is also the former chairman of the All-India

Gem & Jewellery Domestic Council, said.

He expressed the hope that the momentum will gather

more speed by the evening.

Saurabh Gadgil, national vice-president of the India

Bullion & Jewellers Association and chairman of the PN Gadgil

Jewellers, also exuded confidence that footfalls will peak by

the evening.

“Currently, we are seeing more offtakes on light

weight items and also coins,” he added.

UT Zavery’s Kumar Jain said, this particular muhurat

on the Akshya Tritiya has come after 17 long years so people

want to take advantage of it.

“Mostly people are coming to pick up their pre- booked

items. However, may are also coming in to buy token items for

the day. As polling are over and the movement are no longer

restricted on carrying jewellery, footfalls have gone up. We

expect it will peak by the evening,” he added. PTI SMAkshaya

Tritiya gets off to a good start after three bad years

Mumbai, May 7 (PTI) After languishing for the past

three years, this year’s Akshaya Tritiya got off to a good

start Tuesday with jewellers reporting higher footfalls.

Consumers have been thronging to jewellery shops to

buy token gold items and also to take delivery of their pre-

booked jewellery.

All-India Gem & Jewellery Domestic Council chairman

Anantha Padmanabhan said he has been getting positive news

from across the country especially from the South.

“Despite the scorching heat, the response so far is

positive as people are flocking to jewellers mainly due to

stable prices. We see more offtakes of light weight jewellery

during this auspicious day and expect more momentum after the

office hours,” he told PTI.