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.
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