Sunday, July 21, 2024
More
    HomeHyderabadAkshaya Tritiya in Hyderabad: A Possible Decline in the Glitter of Gold

    Akshaya Tritiya in Hyderabad: A Possible Decline in the Glitter of Gold

    Related stories

    Sekhar Sagara Calls for Detailed Caste Census and Reservation Policies in Telangana

    **Gadwal:** Uppari Shekhar Sagara, the State President of Telangana...

    “CM Revanth Reddy Opens Gopanpally Flyover, Vows Continued Development for Hyderabad”

    Chief Minister Revanth Reddy inaugurated the Gopanpally flyover in...

    Gold prices are high this year, which may dampen demand for the precious metal on Akshaya Tritiya. Jewellers are expecting a decline of 20-30% in sales volume across India, with the southern state of Telangana likely to see the biggest dip in sales. During Akshaya Tritiya, 40% of business is done in the south, 25% in the west, 20% in the east and 15% in the north. The co-owner of New DM Jewellers at Secunderabad said that unless there was a short-term softening of gold prices, the demand for jewellery would not increase. The period until April 27 is considered inauspicious, which has led to a fall in sales. Customers who have obligations, such as for marriages, may still purchase gold. However, customers like K Siddharth, a techie, have decided to wait for prices to come down before buying.

    Also read:  Telangana Government introduces farm loan waiver scheme, plans 'Thanksgiving' gathering in near future
    - Advertisement -

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here