On Tuesday, the occasion of Akshaya Tritiya this year, sale of gold jewellery rose by over 15 per cent as compared to last year. The demand has been especially high in Mumbai, where there was a 20 per cent rise, say jewellers. Anantha Padmanabhan, chairman of the All India Gem & Jewellery Domestic Council, attributed higher sales to overall positive sentiments. But now, with five phases having polled, customers can purchase on Akshaya Tritiya ," he said, adding that the Rupee's appreciation and falling gold prices helped. "Gold prices have come down to Rs 32,500 per 10 grams as compared to Rs 35,000 per 10 grams in February this year.

Source: dna May 07, 2019 23:48 UTC