Gold to shine bright on Akshaya Tritiya
"Akshaya Tritiya is one of the most auspicious time in the year to purchase it. Hence, we are expecting a good sale,” said PNG Jewellers Chairman and Managing Director and Indian Bullion Jewellers’ Association Director Saurabh Gadgil.
PUNE: Beginning a new venture, investing in gold or buying a house on Akshaya Tritiya is considered auspicious by many communities including Hindus and Jains. This year Akshaya Tritiya will be celebrated on Tuesday, May 7.
SALE OF GOLD TO RISE
“We are expecting a rise in the sale of gold on Akshaya Tritiya as the price of gold this year has remained constant. Gold is still one of the most important assets that people like to invest in and Akshaya Tritiya is one of the most auspicious time in the year to purchase it. Hence, we are expecting a good sale,” said PNG Jewellers Chairman and Managing Director and Indian Bullion Jewellers’ Association Director Saurabh Gadgil.
“Real estate market is not doing well and people are doubtful while investing in it. So gold is considered as a better option for investment. We have observed that during Gudhi Padwa, there was a trend of investing in gold as this year there was a good sale during the period. Even young couples from Pune prefer investing in gold and we are hoping for a good turnout this year,” said President of Pune Saraf Association and Ranka Jewellers Director Fatehchand Ranka.
REAL ESTATE TO BOOM
“For last two years, a lot of people were confused and unable to buy new properties. This was happening because of the constant changes in rules and regulation. But with the implementation of Real Estate Regulatory Authority (RERA) and the recent simplification of Goods and Services Tax (GST), we are expecting that this year, it will be better than previous years,” said Suhas Merchant, the President of Confederation of Real Estate Developers Association of India (CREDAI), Pune Metro.
AUSPICIOUS DAY FOR BUYERS
- As people like to invest more on gold, jewellers are expecting a good business on Akshaya Tritiya.
- With the implementation of RERA and GST, it has become easy to invest in real estate and the sector is likely to boom this Akshaya Tritiya.