Asked if the high prices will become a hurdle on sales on this Akshaya Tritiya, All India Gem and Jewellery Domestic Council Vice Chairman Shyam Mehra said, gold prices have come down to around Rs 50,500 per 10 gram from Rs 55,000-58,000 per 10 gram, giving boost to consumer sentiment.
Mumbai, May 3: The auspicious day of Akshaya Tritiya has begun on a strong note as jewellers are witnessing good footfalls and being a public holiday on Tuesday, consumers are flocking to the stores early before the temperature soars. “Jewellers across the country have opened their stores early across the country and there is a strong momentum in footfalls since morning. There has been positive sentiment in the market since the last 10-15 days and we expect it to continue […]
Read more about Kalyan Jewellers profit after tax jumps 54% to Rs 73.87 cr in Mar quarter on Business Standard. Kalyan Jewellers on Thursday reported a 54.05 per cent jump in its consolidated profit after tax (PAT) to Rs 73.87 crore for the quarter ended March 31.
Akshaya Tritiya, a highly auspicious day to purchase gold, has started on a sombre note and jewellers are expecting only 10-15 per cent sales as the onset of the COVID-19 second wave, local restrictions and partial lockdowns have affected consumer sentiment. As most of the states are under lockdown to curb the infections there is almost no business activity. The day of Akshaya Tritiya has begun on a slow note and whatever booking or enquiries are happening it is only through tele or digital medium, All-India Gems & Jewellery Domestic Council (GJC) chairman Ashish Pethe told PTI. He said, jewellers are expecting only 10-15 per cent sales this Akshaya Tritiya in places where the lockdown is not imposed or there are partial shutdowns.
Akshaya Tritiya lacks lustre; jewellers expect 10-15% sales due to COVID-19 second wave freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.