Akshaya Tritiya holds significant importance in Hindu culture, symbolising prosperity and abundance. The day is also considered auspicious for the purchase of gold and silver
Jewellery sales are expected to have increased by more than 40 per cent this Akshaya Tritiya, said GJC chief Sayam Mehra
Physical sales were very limited due to the lockdown and sovereign gold bonds were one of the few avenues available to invest in the precios metal
Many Indians had relied on apps such as Paytm Gold, Mobikwik or Google Pay to buy gold on the auspicious day, as jewellery shops remained shut due to MHA guidelines
Many analysts also expect that, as long as stock markets remain effervescent, gold demand will remain subdued