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Despite spike in price, Akshaya Tritiya sees brisk gold buying
Rediff.com

Despite spike in price, Akshaya Tritiya sees brisk gold buying

Gold sales were reported at 40 tonnes last year; this might have been surpassed this year. Jewellery sales jumped 20-25 per cent on the occasion of Akshaya Tritiya on Wednesday; many had booked their piece of gold to forestall a further price increase. Even so, a sudden price increase failed to deter consumers.   However, a shortage of cash prompted a surge in dealing via cards. After several months around Rs 28,500 per 10g, standard gold moved up over recent days, after a global move, to ... Rediff.com, 4 days ago
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