Synopsis
“According to an estimate, due to the lock down and coronavirus restrictions, the gold and jewelry trade recorded a loss of about Rs 10,000 crores. Last year too, due to the lock down, jewellery traders were not able to do any significant business on Akshaya Tritiya,” a CAIT release said.
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There are about 4 lakh gold and jewellery traders in the Country.
For two consecutive years, on the occasion of Akshaya Tritiya, the business of gold and gold jewellery trade saw big losses, claimed trade body Confederation of All India Traders (CAIT).
“According to an estimate, due to the lock down and coronavirus restrictions, the gold and jewelry trade recorded a loss of about Rs 10,000 crores. Last year too, due to the lock down, jewellery traders were not able to do any significant business on Akshaya Tritiya,” a CAIT release said.