Akshaya Tritiya was never so dull for jewellery industry: IBJA president

Industry estimates suggest that nearly 30 tonnes of gold is sold on Akshay Tritiya, last year

“In my 42 years in the bullion industry, I have seen many economic crises but Akshaya Tritiya was never so dull,” said Prithviraj Kothari, national president of India Bullion and Jewellers Association.

As the Covid-hit India is in lockdown since the last week of March, jewellery and gold have not been on the government’s priority. Investors seating on cash want to buy only gold as they think it is the only asset that could give them return in times of crisis. After a long period of consolidation, those who bought gold last year have earned 47.4 per cent return, the highest