Akshaya Tritiya is on 30 April this year.
On Tuesday, a day before Akshaya Tritiya, the price of gold was recorded very fast. The All India Bullion Association says that the price of gold in the national capital increased by Rs 1,050 to Rs 99,450 per 10 grams. Earlier on Monday, gold with 24 carat i.e. 99.9 percent purity was reduced by Rs 1,000 to Rs 98,400 per 10 grams. According to PTI news, gold with 99.5 percent purity increased by Rs 1,100 to Rs 99,000 per 10 grams, compared to Rs 97,900 per 10 grams in the previous day.
Silver jumped ₹ 3500
Silver prices also rose by Rs 3,500 on Tuesday. This is the highest in the last three weeks. On Tuesday, it reached the highest level of Rs 1,02,000 per kg so far. Silver closed at Rs 98,500 per kg in the last market session. Earlier on March 19, silver prices rose by Rs 1,000 and reached the highest level so far to Rs 1,03,500 per kg.
Akshaya Tritiya, which is celebrated on the Tritiya of the Shukla Paksha of Vaishakh, the Hindu calendar month, is on 30th April this year. According to the news, so far this year, gold prices have increased by Rs 78,950 per 10 grams or 26 percent on 31 December last year.
Strength in demand for light products
Experts said that this year, despite high prices, they expect strength in demand for light products, even if prices are high. To encourage market demand, the industry is providing a wide choice of products according to various tastes and price categories. He said that although the current price levels may motivate some people to take precautions, the cultural significance of gold during Akshaya Tritiya, with its permanent position as a reliable property indicates a constant positive speed in the purchase.
Gold in foreign markets today
Gold, spotted in foreign markets, is trading at a 1 percent to US $ 3,311 an ounce. Jatin Trivedi, VP of Commodity and currency in LKP Securities, said that there was a weakness in gold, while Comex Gold slipped around US $ 3,310 an ounce. This softening has come amid increasing optimism about potential trade agreements between the US and India and Japan, which has reduced the possibility of trade war and reduced the demand for a safe-piece.
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