GJC paints rainbow at Tritiya!


Anantha Padmanabhan says 
a double digit growth at Akshaya Tritiya


Just ahead of the Akshaya Tritiya, the single great occasion to buy assets including gem & jewellery Mr Anantha Padmanabhan, Chairman, All India Gem and Jewellery Domestic Council (GJC) paints a rainbow, by forecasting a double digit growth at forthcoming Akshaya Tritiya.

He said, “Gold prices have steadied near four-month low post the comments from US Federal Reserve. Global gold reserves rose 145.5 tons in the first quarter. Gold demand is expected to be robust in India considering the upcoming traditional gold and gold jewellery buying occasion Akshaya Tritiya.”

By adding he said: “We have observed that the demand from retail buyers has increased due to falling gold price. This will remain on the positive side not just due to Akshaya Tritiya but also due to the long wedding season. In comparison to the jewellery sales last year on Akshaya Tritiya, we anticipate a double digit growth in sales this year.”

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