Published On : Sat, May 11th, 2024
By Nagpur Today Nagpur News

Gold glitters: Nagpurians flock bullion market for shopping on Akshaya Tritiya

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Nagpur: The fervour surrounding Akshaya Tritiya in Nagpur was nothing short of remarkable, with residents flocking bullion and other markets for auspicious purchases. Despite the soaring prices of gold, buyers displayed immense enthusiasm in acquiring jewellery on this auspicious occasion.

According to media reports, jewellers across the Nagpur district witnessed unprecedented business, tallying up to a staggering Rs 150 crore on Friday alone. The city’s nearly 3,000 jewellers experienced a substantial influx of customers throughout the day, underscoring the significance of gold purchases on Akshaya Tritiya.

Today’s Rate
Sat 12 Oct. 2024
Gold 24 KT 76400 /-
Gold 22 KT 71100 /-
Silver / Kg 91700 /-
Platinum 44000/-
Recommended rate for Nagpur sarafa Making charges minimum 13% and above

The reports highlighted the extraordinary performance of jewellery showrooms, which collectively amassed over Rs 150 crore in sales on this auspicious day. The allure of inviting good fortune through gold purchases drew enthusiastic crowds to virtually every jewellery showroom in the district. Gold, renowned for its dual appeal as a secure investment and a bearer of promising returns, remained the preferred choice for buyers, propelling a record-breaking turnout at jewellery stores across the city.

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Consumers of all ages and demographics queued up at prominent showrooms in Dharampeth, Sadar, Itwari, and other markets to explore the latest fashion trends in jewellery. Lightweight gold ornaments such as necklaces, bangles, earrings, and mangalsutras were particularly in high demand. Additionally, customers exhibited keen interest in diamond and silver ornaments, enticed by attractive schemes and offers on making charges provided by most jewellers.

Out of the total jewellery sales registered on Friday, gold accounted for nearly 80 percent, underscoring its enduring popularity among buyers. Diamonds and silver, while comprising smaller proportions, still commanded a significant share at 15 percent and 10 percent respectively.

The surge in purchases wasn’t limited to jewellery alone; the automotive and real estate sectors also experienced notable activity, with consumers seizing the auspicious occasion to make significant investments.

In essence, Akshaya Tritiya in Nagpur witnessed an unparalleled display of consumer enthusiasm, with residents embracing tradition while also seizing opportunities for investment and prosperity.