• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India Buys Gold Worth Rs 12,000 Crore On Akshaya Tritiya, Silver Purchase At Rs 4,000 Crore

OMMCOM NEWS by OMMCOM NEWS
April 30, 2025
in Business
India Buys Gold

New Delhi: India saw an estimated sale of gold jewellery and related items worth approximately Rs 12,000 crore on the occasion of Akshaya Tritiya on Wednesday, the Confederation of All India Traders (CAIT) said.

In addition, silver trade was estimated at around Rs 4,000 crore on the auspicious day, according to the leading trade body.

“Based on estimates, gold jewellery and related items worth approximately Rs 12,000 crore were sold across the country today. In addition, the silver trade was estimated at around Rs 4,000 crore. Despite the steep rise in gold and silver prices, the ongoing wedding season and the traditional belief in the auspiciousness of Akshaya Tritiya contributed to healthy business activity,” CAIT National Secretary General and BJP MP Praveen Khandelwal said.

Gold is considered one of the best forms of financial investment, which also encouraged buyers to proceed with purchases despite the high prices, he said.

The precious metal was priced at Rs 97,500 per 10 grams and silver at Rs 98,000 per kilogram today — historically among the highest levels.

“Interestingly, gold prices dropped by Rs 1,000 and silver by Rs 2,000 during the day. Despite high rates, consumer interest remained steady, reflecting the deep-rooted religious and cultural significance of this auspicious occasion,” All-India Jewellers and Goldsmith Federation President Pankaj Arora said.

Lower prices typically drive higher demand, yet today’s sentiment remained strong due to the day’s importance, he added.

In 2022, gold was Rs 52,700 per 10 grams and silver Rs 65,000 per kg.

“Akshaya” means eternal prosperity — something that never diminishes. It is believed that anything purchased or initiated on this day continues to grow and brings lasting wealth.

“As gold symbolises purity, prosperity, and wealth, it remains the most favoured purchase on this day. That is why the gold and silver trade sees a massive spike across India on Akshaya Tritiya, and jewellers, goldsmiths, and artisans eagerly await this day each year,” CAIT National President B.C. Bhartia said.

(IANS)

Tags: Akshaya TritiyaIndia
ShareTweetSendSharePinShareSend
Previous Post

Farm And Rural Workers Get Respite As Inflation Burden Eases Further In March

Next Post

BJP Govt Flouting Norms To Win Local Body Elections: Ashok Gehlot

Related Posts

Business

‘Festive Booster’: Centre Releases Tax Devolution Of Rs 1,01,603 Crore To State Govts

October 1, 2025
RBI
Business

RBI’s Move To Hold Repo Rate At 5.5 Per Cent Prudent Amid Global Uncertainty: Economist

October 1, 2025
Business

RBI Policy Statement An Authoritative One Towards Market Reforms: SBI Chairman

October 1, 2025
RBI Governor Sanjay Malhotra
Business

RBI MPC Keeps Rates Steady, Raises GDP Projection, Trims Inflation Forecast

October 1, 2025
Business

GST Revenues Up 9.1 Pc At Rs 1.89 Lakh Crore In Sep

October 1, 2025
Stock Markets
Business

RBI MPC Decisions Break 8-Day Losing Streak, Sensex Surges 715 Points

October 1, 2025
Next Post
Ashok Gehlot

BJP Govt Flouting Norms To Win Local Body Elections: Ashok Gehlot

Adani Power

Adani Power Logs Strong Financial Performance In FY25, Achieves 102 BU Power Generation

60 Pakistani Women

60 Pakistani Women Married To Ex-Terrorists In J&K Deported

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.