Should you buy gold-related stocks on Akshaya Tritiya? Check key levels

Titan, Kalyan Jewellers, PC Jeweller among others trade with a negative bias; these support levels can help you plan your trading strategy here.

Even as Gold prices trade at record high levels, shares of Gold making firms, namely jewellers, have been underperforming on the bourses amid concerns of lower demand owing to high prices.

Akshaya Tritiya, which is celebrated today, is considered a highly auspicious occasion. It is widely believed that any investment made on this auspicious day shall yield bountiful results, hence people in India tend to buy Gold or related asset classes on this day.

Meanwhile, amid the sluggish performance, most stocks of jewellery-related companies