Sales Of Rs200 Bn Gold On Akshaya Tritiya Day


All India Gem and Jewellery Domestic Council (GJC) provides estimates of Gold Sales this year's Akshaya Tritiya day



FinTech BizNews Service

Mumbai, April 30, 2025: The occasion of Akshaya Tritiya was celebrated all over the country on Wednesday.  

All India Gem and Jewlery Domestic Council (GJC) has shared its estimates on Gold Sales this Akshaya Tritiya:

According to Rajesh Rokde, Chairman - All India Gem and Jewlery Domestic Council (GJC):

"The recent price fluctuations—peaking at Rs 99,500 as on 22nd April 25 and now down to Rs 95,000—have only reinforced buyers' confidence in gold as a strong investment. Today, we observe two types of customers: those purchasing in the Rs 50,000 to Rs 5 lakh range, drawn to the festive rush, and high-value buyers investing Rs 10–15 lakh, who plan and book their selections days in advance to buy during the Muhurat. With the drop in gold prices, the number of customers has notably increased, contributing to an impressive total sales figure of Rs 20,000 crore today. Furthermore, as the wedding season kicks off during Akshaya Tritiya, demand is expected to rise significantly in the coming days."

Additionally, Rokde emphasized the increasing demand for lightweight jewelry. "There is a noticeable shift towards lightweight designs, particularly among younger buyers and those looking for everyday wear. These pieces offer the elegance of gold while remaining accessible in terms of pricing, making them an appealing choice amidst fluctuating rates."


As per Avinash Gupta, Vice Chairman - All India Gem and Jewellery Domestic Council (GJC): "Gold continues to be the cornerstone of investment and celebration in India, and today's robust sales figures of approximately Rs 20,000 crores underscore the unwavering trust buyers place in this asset. The festive and wedding season has further fueled demand, with customers carefully planning their purchases to make the most of favorable pricing. Additionally, the growing preference for lightweight jewellery reflects an evolving consumer mindset—seeking elegance and affordability without compromising on quality, also it was seen that young customers were keen on buying coins during Akshay Tritiya."







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