Mumbai: Akshaya tertiary gold sales fell 95 percent this year. Anantha Padmanabhan, chairman of All India Gems and Jewelery Domestic Council, said sales were down sharply compared to last year. Retailers have reported that gold sales have dropped drastically compared to last year, when innovators announced new offers. There are clojai of shops with corona blow. Padmanabhan said Akshaya Tertiary came this year at Lockdown Time. He stated that there was no physical sale of Gold, only sales on the digital platform. In Akshaya Tertiary, gold sales fell 97–98 percent this year compared to last year. Jewelers are attracting customers by announcing innovative offers such as issuing Gold Ownership certificates. Padmanabhan believes that physical delivery or purchases will resume after the lockdown and return to normal in the next two months. Gold demand is expected to rebound by Diwali. Gold prices rose to Rs. At 48,000 (ten grams), jewelers are offering a minimum rate to attract customers. This is likely to increase further as gold imports cease.
Rs. Gold worth Rs. 80,000
Bank of America (BOFA) estimates that gold will reach $ 3,000 (Rs 2.28 lakh) per ounce (28.34 grams) in the international market over the next 18 months. This means that ten grams of gold costs Rs. Word of reaching 80,451. This is roughly double the current rate. The bank had previously estimated it would receive the $ 2,000 mark. But the demand for gold is likely to increase as various countries reduce interest rates globally with the corona blow. The gold price is expected to rise to $ 1,695 by the end of this year. The price is expected to be $ 2,063 in 2021
95 శాతం పడిపోయిన అక్షయ తృతీయ గోల్డ్ సేల్స్
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April 26, 2020
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