World The biggest gold consumer of this was seen in India on the auspicious occasion of Akshaya Tritiya in India on Wednesday. The special thing is that despite the high prices of gold and silver, people showed tremendous attraction regarding shopping. The All India Ratna and Jewelry Domestic Council, an organization of jewelery vendors, has estimated that in terms of value this year, gold sales will be increased by 35 percent compared to last year. The number of consumers in South India was more in the first time of the day and in Maharashtra-North states also increased shopping in the evening.
Gold price was at Rs 98,550 per 10 grams on Wednesday
In Delhi, gold stood at Rs 98,550 per 10 grams (including tax) on Wednesday, compared to Rs 72,300 during this festival last year. GJC chairman Rajesh Rokade said that consumers who were hesitating to buy gold at high prices are now shopping because the prices have almost stabilized after going to a high level. He said, “We hope that gold sales will remain stable at the level of 20 tonnes last year.” However, in terms of value, gold sales are likely to increase by 35 percent. ”
25-40 year old consumers are also buying gold and silver fiercely
Rokade said that with the increase in demand for gold Mangal Sutra and chain, the sale of silver, especially utensils, increased. He said that 25-40-year-old consumers are also buying gold and silver, which is a new trend. Buying gold on Akshaya Tritiya is a widely popular tradition in South India, which has gradually spread throughout the country with increasing awareness. Sachin Jain, CEO of World Gold Council (India), said, “The purchase capacity has been affected due to the increase in gold prices. However, shopping trend is strong due to Akshaya Tritiya. ”
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