Akshaya Tritiya News
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Gold ETF turnover nears Rs 500 crore on Akshaya TritiyaGold ETF turnover nears Rs 500 crore on Akshaya Tritiya
Investors rushed to trade in gold ETFs, which allow investment in yellow metal in non-physical electronic mode, on `Akshaya Tritiya` on Friday with turnover nearing Rs 500 crore on two bourses NSE and BSE by 7 pm.
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Gold down to Rs 22,120 despite heavy buying on Akshaya TritiyaGold down to Rs 22,120 despite heavy buying on Akshaya Tritiya
Even as buying activity remained high on the auspicious day of `Akshaya Tritiya`, both the precious metals tumbled today on weak global cues. Silver nose-dived by Rs 6,000 to Rs 53,200 per kg and gold plummeted by Rs 225 to Rs 22,120 per 10 grams.
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Gitanjali expects Akshaya Tritiya gold sales to double todayGitanjali expects Akshaya Tritiya gold sales to double today
Leading jewellery brand Gitanjali Group Friday said it expects gold coin and jewellery sales to double to Rs 50 crore on the auspicious day of Akshay Tritiya.
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Slip in gold prices an added incentive to buyers this Akshaya TritiyaSlip in gold prices an added incentive to buyers this Akshaya Tritiya
There was a huge rush for gold Friday, with buyers thronging jewellery shops after prices of the precious metal dipped by around Rs 500 per 10 gm, coinciding with the auspicious occasion of Akshaya Tritiya.
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Akshaya Tritiya: Gold, silver traders scramble for suppliesAkshaya Tritiya: Gold, silver traders scramble for supplies
Gold and silver traders in India, the world`s biggest buyer of bullion, scrambled for supplies as they braced for strong sales for Akshaya Tritiya, pushing premiums higher, bank officials and suppliers said.
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Lenders see opportunities in golden nicheLenders see opportunities in golden niche
For Ravindra Bahandare, the source of cash to fund his textile trading firm was not a bank, but a 14-gram gold chain he pawned for Rs 20,000 (USD 451) at one of the thousands of gold loan offices mushrooming across India.
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Silver tumbles to Rs 59,200 on global cues, gold falls by Rs 310Silver tumbles to Rs 59,200 on global cues, gold falls by Rs 310
Silver continued its downward streak for the fifth straight day by dropping Rs 4,400 to Rs 59,200 per kg today due to heavy sell-off by speculators, amid a weakening global trend. Gold also plunged by Rs 310 to Rs 22,345 per 10 grams on sluggish demand at existing levels.
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NSE, BSE extend gold ETF trading hours on Akshaya TritiyaNSE, BSE extend gold ETF trading hours on Akshaya Tritiya
Seeking to cash upon the investor demand for gold on `Akshaya Tritiya`, considered an auspicious day for buying the yellow metal, NSE and BSE will conduct extended trading till 9 pm in Gold ETF on that day.
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WGC partners with various associates for `Akshaya Trithiya`WGC partners with various associates for `Akshaya Trithiya`
World Gold Council has partnered with various organisations like India Post and Muthoot Pappachan Group to provide options to consumers for investing in gold this Akshaya Trithiya.
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Gold falls on Profit-bookingGold falls on Profit-booking
Selling pressure further gathered momentum as silver dropped after market regulators increased margin requirements in futures trading and gold fell on reports that Soros Fund Management may have cut holdings.
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