Watch Manisha Gupta share outlook on gold on the auspicious occasion of Akshaya Tritiya.
Manisha Gupta
Akshaya Tritiya, the biggest gold buying festival in India, attracted scores of buyers this year. with the yellow metal trading at Rs 31,000-32,000 per 10 gram. Buying is expected to be better than last year with traders expecting at least 7 to 15 percent higher sales than the previous year.
Token buying -- Akshaya Tritiya being considered the most auspicious occasion to invest for prosperity -- and the oncoming wedding season led to surge in sales of other metals such as silver and platinum too.
Despite increased regulations and compliance norms, both the online and offline gold buying has picked up and organised gold traders are enjoying the benefits the most.
Gold prices have gained 8-10 percent since last year and experts expect similar gains next year as well if you bought gold today.
Watch accompanying video for more insight into gold prices and demand outlook.