This Akshaya Tritiya, price rise fears revive jewellery buying sentiment

Two days of slide draws consumers, many booking in advance amid price rise apprehension for delivery on Akshaya Tritiya this Wednesday

After over a month of weakness, gold buying sentiment has revived in the past two days across India as customers booked in advance for delivery on Akshaya Tritiya, considered auspicious for this purpose. The day arrives this year on the coming Wednesday, April 18.

Jewellers say they have seen a nearly 50 per cent increase in customer footfall during the past two days. Buyers seem inclined to book their piece of jewellery or bullion now, with a price rise forecast by analysts.

The revival in buying sentiment has at the right time, with occasional buyers taking advantage of the price fall. Many