AKSHAY TRITIYA
Akshay Tritiya: Malabar Gold & Diamonds, Bhima Jewellers, and Kalyan Jewellers report strong sales
Jewellers from South India such as Malabar Gold & Diamonds, Bhima Jewellers, and Kalyan Jewellers saw strong demand during this year's Akshay Tritiya. Malabar Gold and Diamonds reported a 39% increase in sales, totaling Rs. 1361 crore. Kalyan Jewellers also noted robust revenue growth, with Bhima Gold experiencing over 50% sales growth compared to last year.
19% annual returns in 10 years on buying gold on Akshaya Tritiya; should you invest in gold this year too?
Gold price has increased by 18% to Rs 71,502 for 10 grams with 999 purity since the last Akshaya Tritiya. Investing during this period has historically yielded attractive returns due to various factors such as price cyclicality, holding period, and discipline in investment. Safe havens like gold may see increased demand amidst global uncertainties and currency depreciation impacting prices. Experts recommend a 15% allocation to gold for a balanced risk profile.
22KT, 18KT, 14KT gold price today from Indian Bullion and Jewellers Association (IBJA)
Gold prices on Akshaya Tritiya: If an individual is buying gold jewellery, then they should know the prevailing gold price of 22KT, 18KT or 14KT. This is because these are purity karats used for making gold jewellery. Usually, one cannot buy gold jewellery made of 24 Karat of gold. Read on to know the current gold prices.
Akshaya Tritiya 2024: When is the best time to buy gold in my city? Check city-wise shubh muhurat
Akshaya Tritiya 2024 Shubh Muhurat: Akshaya Tritiya, celebrated on the third lunar day of the bright half of the month of Vaisakha, holds great significance in Indian culture. It is believed that buying gold on this day ensures unending wealth. In 2024, Akshaya Tritiya falls on May 10-11, with the best time to buy gold being from May 10, 05:33 AM to May 11, 02:50 AM. This festival is considered auspicious for new ventures and is associated with perpetual prosperity and good fortune.
Akshaya Tritiya 2024: Top 50+ quotes, wishes, WhatsApp status, and messages in Hindi and English
Akshaya Tritiya 2024 Wishes: Akshaya Tritiya, commemorated by Hindus and Jains globally during April or May, represents prosperity and new starts. Celebrated in various ways throughout India, it marks either Parshurama's birth or the start of the agricultural season. Observers participate in rituals, acts of generosity, and the acquisition of gold, reflecting cultural diversity. Greetings for a Happy Akshaya Tritiya extend wishes for wealth, well-being, and achievement, promoting happiness and optimism universally.
Punjab, Haryana schools to remain closed on May 10 on occasion of Parshuram Jayanti
Haryana schools will remain closed on May 10 on occasion of Parshuram Jayanti, the birth anniversary of Lord Parshuram. The holiday, originally for government schools, now extends to both public and private institutions across the state. In Punjab, schools, colleges, and other educational institutions will also remain closed. Parshuram Jayanti is considered auspicious for initiating new ventures or business endeavors in Hinduism, as it falls on the third day of'shukla paksha'.
Gold prices soften ahead of Akshaya Tritiya, boosting jewellers' expectations
Jewellers anticipate rising Akshaya Tritiya sales with lower gold prices. Demand increasing for everyday diamond jewellery and solitaires. Shift in consumer buying pattern towards high quality solitaire diamonds. Silver price growth surpassing gold as dependable asset classes.
Akshaya Tritiya 2024: Why do people buy gold on this auspicious day?
Hindus celebrate Akshaya Tritiya, believed to bring endless prosperity. The name itself - Akshaya (eternal) and Tritiya (third) — signifies the third day of the auspicious Vaisakha month. Gold, a symbol of wealth, is a popular purchase on this day, ensuring long-lasting prosperity. Know the significance of Akshaya Tritiya and why it is an auspicious time to buy gold
Gold delivers 16% gains from last Akshaya Tritiya. What is the outlook for next year?
The cost of 10 grams of gold currently deviates by approximately Rs 3000 or 4% from its peak value. Gold enthusiasts can seize the chance to purchase the precious metal on the auspicious occasion of Akshaya Tritiya, slated for May 10, Friday.
Village heads to be held accountable if child marriages solemnised in Rajasthan: HC
The Rajasthan High Court has directed the state government to prevent child marriages in the state, stating that village heads and panchayat members will be held accountable if they are solemnized. The order came ahead of the Akshay Tritiya festival on May 10. Despite the Prohibition of Child Marriage Act 2006 being in force, child marriages continue to occur in Rajasthan.
From Mother's Day to Akshay Tritiya, here's a full list of festivals in May 2024
As temperatures rise, it's crucial to stay hydrated and healthy. May brings a lineup of festivals and fasts, offering a mix of spiritual observances and cultural celebrations. The month starts with Kalashtami and Varuthini Ekadashi, followed by Parshuram Jayanti and Akshay Tritiya in the second week. The third week features Baglamukhi Jayanti and Sita Navami. Wrapping up the month are Vaishakha Purnima and Buddha Purnima. These events offer a chance to connect with tradition and celebrate amidst the summer heat.
Gold gets more lustre, nudges Rs 73,000 with 10.75% price rise in a month
Gold prices on Friday climbed to Rs 72,967 per 10 gm, rising by 1.6 per cent compared to Thursday. This daily surge in prices has never been witnessed in the last 50 years, bullion dealers from Zaveri Bazaar said. In a month, gold prices have shot up by 10.75 per cent, making the yellow metal costlier for those who have weddings in the family.
Price surge dampens demand for jewellery: Senco Gold
In the last 30 days, the gold price has jumped about 10 per cent, and in the last six months, it has become costlier by 23-25 per cent. This sharp volatility has hit retail buying sentiment. Eid, Bengali New Year, Akshay Tritiya, and regional New Year festivities are expected to help bring demand into stores.
Gold rush to summit sees demand trampled
Gold prices soar in Kolkata's Zaveri Bazaar, impacting sales. Jewellers hopeful for a recovery during Akshay Tritiya. Mumbai sees 70% demand slump, while investment in bars rises. Analysts predict further price hikes due to global factors.
‘Adipurush’: Prabhas reveals new poster featuring Kriti Sanon as Janaki on Sita Navami 2023; See here
Pan-Indian superstar Prabhas celebrated Sita Navami 2023 by sharing a motion poster of Kriti Sanon as Goddess Sita on social media. Earlier, on Akshaye Tritiya, the makers of Adipurush had also shared a captivating poster of Prabhas as Lord Ram on social media.
Akshay Tritiya: Jewellers expect a double-digit growth in sales
With gold prices about 16% higher year-on-year, at about Rs 61,300 per 10gm, sales may have increased 10-20% this year in terms of value on Akshay Tritya, which fell on Saturday this year, said the executives.
Uttarakhand: Badrinath Highway closed due to boulders near Chamoli's Birhi
The Badrinath Dham, part of the 'Char Dham' pilgrimage yatra, located in Garhwal hill tracks in the Chamoli district along the banks of the Alaknanda River was seen enveloped in snow on Thursday morning. The temple's reopening date after the winter break is set for April 27, and preparations for the 'Char Dham Yatra' is in the final stage.
All about Akshaya Tritiya: Date, Timings & Significance
Akshaya Tritiya is celebrated in the name of Lord Vishnu. Believers often buy gold jewellery on this day.
Gold plunges Rs 430 ahead of Akshay Tritiya; silver tumbles by Rs 670
Retail demand is likely to improve on Akshay Tritiya, which is considered an auspicious day to buy valuables and gold, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. Akshay Tritiya is falling on Saturday.In the overseas markets, gold and silver were quoting lower at USD 1,988 per ounce and USD 25.12 per ounce, respectively
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