Jewellers are expecting a 35-40% rise in sales this Akshaya Tritiya day over last year''s all India sales of around 780 tonnes. Gold prices which have fallen after hitting an all time high in March is also expected to increase demand for the gold.
Prices of gold have corrected by around 20% since March''08 when it had hit a level of Rs 13,495 per 10 gm. In the local market, gold is selling at about Rs 11,000 per 10 gm and further price corrections are expected in the near future. While south India would continue to dominate the sales with a 40% market share, one-fourth of the business is likely to come from the northern region this festive season. Other brands like Titan''s Tanishq, Alukkas, D''damas and Malabar Gold have either introduced new gold collections or revived existing ones to woo the customers.
Prices of gold have corrected by around 20% since March''08 when it had hit a level of Rs 13,495 per 10 gm. In the local market, gold is selling at about Rs 11,000 per 10 gm and further price corrections are expected in the near future. While south India would continue to dominate the sales with a 40% market share, one-fourth of the business is likely to come from the northern region this festive season. Other brands like Titan''s Tanishq, Alukkas, D''damas and Malabar Gold have either introduced new gold collections or revived existing ones to woo the customers.
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