Gold and silver: Gold prices increased by Rs 146 on the day of Akshaya Tritiya, sellers expected to sell 10 to 15 percent


Today, buying gold on the day of Akshaya Tritiya is considered auspicious. During this time, the price of gold and silver rose in the national capital. The 24-carat yellow metal rose by Rs 146 to Rs 47,110 per 10 grams in the national capital today. According to HDFC Securities, the yellow metal had closed at Rs 46,964 per 10 gram in the previous trading session.

Silver became costlier by Rs 513

Talking about silver, it rose by Rs 513 to Rs 70,191 per kg. Silver had closed at Rs 69,678 on the previous trading day. In the international market, gold reached $ 1,834 an ounce while silver remained flat at $ 27.20 an ounce.

Jewelry sellers expect sales of 10-15 percent

It may be noted that on Akshay III, business started on a weak Friday and jewelers are expecting 10 to 15 percent sales turnover this time. Due to the third wave of Kovid-19, local lockdowns are in place in many states due to which the markets are closed. All India Gems and Jewelry Household Council (GJC) Chairman Ashish Pethe said, 'Lockdown has been imposed in most states. This lockdown is applicable in various states to prevent corona infection, due to which the business activities are negligible. Starting on the day of Akshaya Tritiya, it has been very weak. Whatever little bookings or inquiries are being made, it is happening through telephone or digital mediums only.

Business expected to be weak

Saurabh Gadgil, chairman and managing director of PNG Jewelers, said the day started with inquiries and bookings. However, delivery of goods is not possible due to lockdown, so overall business is expected to be weak. On the occasion of Akshay III, 30 to 40 tonnes of gold is sold on normal days, but this time it will be difficult even to one ton.