Jewellers expect 20% growth in sales this Akshaya Tritiya

Source: The Hitavada      Date: 16 Apr 2018 12:13:18






JEWELLERS are expecting 15-20 per cent increase in sales this Akshaya Tritiya, mainly on the back of positive market sentiment, stable prices and ongoing wedding season.
“Things are looking positive this year and the prices are also stable, ruling at around Rs 30,820 per 10 grams. There is also a lot of traction for wedding jewellery due to ongoing marriage season.“Overall there is a positive sentiment in the market, so we are hoping 15-20 per cent growth in sales this Akshaya Tritiya, compared to last year,” All India Gem And Jewellery Domestic Council (GJC) Chairman Nitin Khandelwal told PTI here.

He said the demand for yellow gold, especially trendy items and wedding jewellery will be more than diamond jewellery.
“We are also witnessing a slowdown in demand for the high end niche jewellery,” he added.Akshaya Tritiya is considered an auspicious day to buy the gold in the country.India Bullion and Jewellers Association (IBJA) Vice President and P N Gadgil Jewellers Chairman and Managing Director Saurabh Gadgil said the outlook looks bullish and the market has become stable.