Akshaya Tritiya: Jewellers see increased footfall despite higher gold price

Akshaya Tritiya 2018 Tithi Vidhi and Puja Timings

Hence people buy precious metals, particularly gold, on this day. The offer is limited to Tanishq's Mangalam jewellery collection.

For Akshaya Tritiya, they are offering a flat 20 per cent off on diamond jewellery and on making charge of gold and silver jewellery.

Gold has a special place in the Akshaya Tritiya celebrations and this year too, activity points to the return of positive sentiment, Somasundaram PR, World Gold Council managing director, India said on gold demand for this Akshaya Tritiya.

Brands like Senco Gold and TBZ-The Original are offering a discount of up to 50 per cent on jewellery. This offer is applicable on purchase of jewelleries worth Rs 15,000 and above. However, while you are excited to grab your diamonds and gold, the government, has in a tweet advised customers to purchase only BIS-Hallmarked Jewellery, which is available in 14, 18 and 22 carats. But most of these markets also saw jewellers offer a range of discounts, which helped manage the end prices. Although, while purchasing physical gold from an investment perspective, one needs to consider additional costs (e.g. storage cost etc.). Additionally, customers will get 5 per cent value of the jewellery item as gift card.

Claude Puel sends message to Manchester United over Harry Maguire transfer interest
His performances have seen him linked with a big money move to either Manchester United or Manchester City . Harry Maguire is not for sale and is crucial to Leicester City's future, says Claude Puel .

"Gift Card can be redeemed online for your next diamond jewellery purchase", the company said on its website.

This offer is valid until April 25, 2018 on a single transaction done at www.malabargoldanddiamonds.com website only and not at any of retail showroom. However, despite apprehension, jewellers have managed to make a decent business as customers thronged shops ssoon afterbreakfast. The offer is, however, not valid in Agartala. "Buying gold through monthly schemes gives small investors the chance to invest a smaller portion of their amount, and is a systematic plan of investment", said Mr Agarwal.

Today being Akshaya Tritiya, an auspicious day to buy gold, there was a huge concern among city jewellers as they were anxious that customers might not turn up as high-value purchases will be monitored by the Election Commission.

Related:

  • Earnings per share (EPS) in the Limelight - Hecla Mining Company (NYSE:HL)

    Earnings per share (EPS) in the Limelight - Hecla Mining Company (NYSE:HL)

    Shareholder yield has the ability to show how much money the firm is giving back to shareholders via a few different avenues. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.

    Stocks Getting Far Too Much Hype: NVIDIA Corporation (NVDA), ArQule, Inc. (ARQL)

    Mitsubishi Ufj Securities Holdings Company sold 2,280 shares as the company's stock rose 15.49% while stock markets declined. The Winslow Capital Management Llc holds 1.10M shares with $213.48 million value, down from 1.20 million last quarter.
    Liverpool's Salah targets Champions League over individual glory

    Liverpool's Salah targets Champions League over individual glory

    It's also a different season for him. "If you had a choice, then of course it is the Champions League ", he told the Daily Mail . Before Salah entered the fray, former Liverpool attacker Luis Suarez was the last player to reach the milestone.
  • Watch the First Teaser for Netflix's GLOW Season Two Premiering 6/28

    Watch the First Teaser for Netflix's GLOW Season Two Premiering 6/28

    Oh, and the announcement comes complete with a new "musical" interlude - just to get you in the mood for the second season . We don't know much about the second season yet, but we're expecting to find out more as we get close to the release date.

    Andhra Pradesh family claims Surat minor girl to be daughter

    A reward of Rs 20,000 had also been announced for anyone providing information about the girl or her family. The Surat Police Surat police on Tuesday said it will verify the man's claims by conducting a DNA.
    The Italian Job inspired auto  chase comes to GTA Online

    The Italian Job inspired auto chase comes to GTA Online

    The usual Premium Race and Time Trial has also been updated with GTA$ and RP rewards for the taking, alongside The Vespucci Job . The new generation upgrades also extend to Grand Theft Auto Online , an ever-evolving Grand Theft Auto universe.
  • Claire Danes Expecting Her Second Child With Husband Hugh Dancy

    Claire Danes Expecting Her Second Child With Husband Hugh Dancy

    Danes and her 42-year-old actor husband, who married in 2009, already share 5-year-old son Cyrus Michael Christopher together. Claire and Hugh fell in love during the filming of Evening in 2007 and quickly became inseparable.
    How to win the Premier League, by Pep Guardiola

    How to win the Premier League, by Pep Guardiola

    So when De Bruyne has the ball, he is in that channel and David Silva will drift infield to be a passing option. The German's pace and skill made him nigh-unplayable, and only De Bruyne has created more than his 12 assists.
    Sean Hannity Responds After James Comey Says He Hasn't Watched His Show

    Sean Hannity Responds After James Comey Says He Hasn't Watched His Show

    If you're a client, you get the benefit of the attorney-client privilege; if you're not, you don't. Cohen is in court in connection to the raids, and his lawyer refused to name one of his clients.
  • Xiaomi Mi 6X with dual cameras, slim metal design teased

    Xiaomi Mi 6X with dual cameras, slim metal design teased

    Several reports so far have suggested that the Mi 6X could be launched as the Mi A2 as part of the Android One program. The camera features could include EIS (Electronic Image Stabilisation), Portrait Mode, and Face Unlock.

    Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

    The Company operates through four segments: Financial Services , Healthcare , Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions Corporation (NASDAQ: CTSH ) has risen 36.40% since April 18, 2017 and is uptrending.

    Banco Santander Brasil SA (BSBR) Receiving Somewhat Positive Press Coverage, AlphaOne Reports

    This may involve figuring out a proper strategy, and deciding which stocks to start with when constructing a portfolio. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

Comments

Latest news

Canadian National Railway Company (NYSE:CNI) Analyst's Long Term Pick
On Tuesday, April 3 the stock of Canadian National Railway Company (NYSE: CNI ) has " Buy " rating given by Raymond James. This could hit $754.99 million profit for T_CNR assuming the current $1.02 earnings per share will become reality.

Bank of America Trims McKesson (MCK) Target Price to $172.00
Following the transaction, the chairman now owns 22,390 shares of the company's stock, valued at approximately $3,368,351.60. It improved, as 37 investors sold BMS shares while 105 reduced holdings. 79 funds opened positions while 222 raised stakes.

Under Analysts' Radar: Oasis Petroleum Inc (OAS)
However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Institutions purchase large blocks of a company's outstanding shares and can exert considerable influence upon its management.

Olstein Capital Management LP Stake in Intel Corp (INTC) Increased
In other news, VP Kevin Thomas Mcbride sold 686 shares of the firm's stock in a transaction on Wednesday, February 21st. The company's stock rose 9.61% while stock markets declined as Olstein Capital Management Lp bought 233,000 shares.

Carnival Corp (CCL) Given Consensus Rating of "Buy" by Brokerages
Take a review on its volatility measure, 2.53% volatility was seen in a month and for the week it was observed at 2.91%. Beach Investment Management Llc increased Carnival Corporation (CCL ) stake by 138.37% reported in 2017Q4 SEC filing.

Jewish Men Attacked in Berlin
This is the shocking moment a Jewish man captured his own anti-Semitic attack on the streets of Berlin yesterday. So when they kept cursing us, my friend asked them to stop cursing, and that got them angry.

Mass. court strikes down stun gun ban
But Wallace took exception to language the justices used describing stun guns as being unsafe or lethal. Massachusetts Supreme Judicial Court Justice Ralph Gants acknowledged in the decision that the U.S.

Child accidentally shoots mother in northwest in parking lot
A 3-year-old girl shot and critically wounded her pregnant mom in an IL parking lot with a loaded handgun she found in the auto . The bullet went through the seat and struck the woman through her back in her right shoulder.

Cannes film festival reveals female-dominated jury
Seydoux, a French actor, rose to fame with " Blue Is the Warmest Colour ", which won the Palme dOr at the Cannes. The Cannes Film Festival has set its competition jury under president Oscar-winning actress Cate Blanchett .

Envestnet Asset Management Inc. Grows Position in Cimarex Energy (NYSE:XEC)
Lagoda Investment Management L.P. holds 8.7% of its portfolio in Cimarex Energy Co. for 187,169 shares. (NYSE: XEC ) for 59 shs. Cimarex Energy has a consensus rating of "Buy" and a consensus price target of $135.86. (NYSE: XEC ) rating on Monday, March 5.

Best Buy becomes an Amazon seller for the first time ever
Amazon is looking to sell its Fire TV Edition smart televisions in a big box store, but thankfully it's not Whole Foods. Each of the new TVs will come with Alexa, the popular virtual assistant, built-in.

15 people killed in rain related incidents in West Bengal
The Kolkata municipal corporation has reportedly activated a disaster management team to clear the debris in affected areas. Train services in both Howrah and Sealdah stations were temporarily thrown off gear as trees fell on overhead wires.

Tax Reform - An Opportunity for Growth and Success for California's Small Businesses
Ultimately, he concluded that on Tax Day , "America is strong and roaring back". Meanwhile, Republicans are using Tax Day as a way to publicize their cuts.

United Continental (UAL) Given a $78.00 Price Target by Stephens Analysts
Wealth Architects Llc increased its stake in Apple Inc (AAPL) by 35.46% based on its latest 2017Q4 regulatory filing with the SEC. Out of 10 Wall Street analysts rating United Continental, 7 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold".

Two Sigma Investments LP Buys 29920 Shares of CIT Group Inc. (CIT)
After $0.99 actual EPS reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -1.01% negative EPS growth. BTIG Research reaffirmed a "buy" rating and set a $57.00 price target on shares of CIT Group in a report on Wednesday.

Other news