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    DHANTERAS 2021 GOLD BUYING

    Silver tanks nearly Rs 4,000, gold slips Rs 1,600 as Strait of Hormuz tensions reignite inflation fears. Time to sell?

    Gold and silver prices declined on MCX amid a stronger U.S. dollar and escalating tensions around the Strait of Hormuz, which pushed oil prices higher and revived inflation concerns. Analysts advise a buy-on-dips strategy despite volatility, citing key support levels and geopolitical developments influencing precious metals.

    Akshaya Tritiya sees 30% volume drop in gold buying amid price spike

    Gold demand during Akshaya Tritiya dropped about 30% in volume as prices, up nearly 60% year-on-year, deterred large purchases. Buyers stayed within budgets, shifting to lighter jewellery, small coins and exchange-led buying, while millennials preferred solitaires in the ₹75,000–2.5 lakh range.

    Akshaya Tritiya sees tepid demand on gold price surge

    Gold demand during India's Akshaya Tritiya festival remained subdued as record prices curbed jewellery purchases, despite a slight increase in investment demand. Consumers shifted towards gold coins, with overall buying volume lower, though value spending was higher due to elevated prices. This reflects a changing trend of price-sensitive buyers purchasing throughout the year.

    I-T Dept finds 'discrepancies' in declaration of assets by TMC MLA: Sources

    The Income Tax Department has uncovered discrepancies in assets declared by TMC MLA Debashis Kumar. Seizures from his residence during recent raids revealed jewellery and bullion not matching his election affidavit. The department has reported these findings to the Election Commission. Investigations are ongoing into unaccounted money and asset increases.

    Akshaya Tritiya Meets Smart Investing: The Rise of Digital Gold

    Akshaya Tritiya, a day for prosperity, now embraces digital gold. This modern investment allows easy online gold purchases, offering convenience and flexibility. Investors can start small, ensuring consistent savings. Digital gold blends tradition with smart financial planning for a secure future. It provides a safe and accessible way to honor this timeless gold tradition.

    Akshaya Tritiya remains proven entry point for gold investors: Motilal Oswal

    Gold continues its role as a trusted asset for Indian households, blending tradition with financial security. Investors are showing increased interest in flexible gold options alongside traditional purchases. Global factors like geopolitical tensions and economic growth concerns support gold's appeal. The outlook for gold remains constructive for medium to long-term investors, with a 'buy on dips' strategy recommended.

    The Economic Times
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