Akshaya Tritiya: Covid in India, travel suspension deter expats from buying gold dhanusha@khaleejtimes.com Filed on May 14, 2021
Residents buy gold at a jewellery store on the occasion of Akshaya Tritiya. Photo by Ryan Lim
Jewellers hope sales would pick up in the months of June-August, which are an important time for weddings for Indian expatriates
For the second year in a row, Indian Hindu expatriates living in the UAE ‘observed’ the auspicious occasion of Akshaya Tritiya without much fanfare.
Considered to be an auspicious time for buying gold, the festival is celebrated primarily by Indian Hindus and Jains. This year, however, gold retail outlets saw lesser footfalls as compared to previous years due to a dip in morale among Indian expatriates given the devastating situation back home.
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From rickety souk to global powerhouse: How Dubai became the City of Gold
As a child, Mihir Vaya helped his father run his fledgling jewelry business in Dubai.
He remembers riding with him across Dubai Creek in an abra boat as he went to sell his pieces. He remembers when the Gold Souk, today home to hundreds of retailers, was just a few rickety stalls stuck like barnacles to the river banks. But most of all, he remembers helping his father in his workshop. He and his sister would hold gold wires so they could be wound into intricate pieces of jewelry.
Ashleigh Stewart, CNN • Published 2nd February 2021
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(CNN) As a child, Mihir Vaya helped his father run his fledgling jewelry business in Dubai.
He remembers riding with him across Dubai Creek in an abra boat as he went to sell his pieces. He remembers when the Gold Souk, today home to hundreds of retailers, was just a few rickety stalls stuck like barnacles to the river banks. But most of all, he remembers helping his father in his workshop. He and his sister would hold gold wires so they could be wound into intricate pieces of jewelry. It was probably nothing, those small jobs. But you felt so important, Vaya says. Ever since then I ve been inclined to work there.