[ad_1]
HYDERABAD/MUMBAI: The current high prices of gold led to lukewarm demand for the yellow metal on Akshaya Tritiya, despite jewellers offering various schemes like slashing making charges for jewellery and offering gold jewellery as prizes for lucky buyers. The demand for gold exchange-traded funds (ETFs), however, jumped on both the exchanges on Wednesday.
Earlier in April, the price of the precious metal rose above the Rs 1 lakh/10gm level, an all-time record. On Wednesday, the price in retail markets around the country hovered between Rs 94,000 and Rs 95,000.
Across India, jewellers designed schemes and offers for consumers to soften the blow of steep gold prices and encourage more customers to shop. For example, Malabar Group offered up to 25% off on making charges of gold jewellery and studded jewellery. The company also had an advanced booking facility in place, which allowed customers rate protection by enabling them to book jewellery with a minimum down payment of 10% of the total value and pay the rest based on the booked rate or the prevailing market rate-whichever was lower, said chairman MP Ahammed.
Some of the purchases were driven by investment-based needs and the growing desire to hedge against further price rises, he said.
According to Darshan Gupta, partner at Mangatrai Jewellers in Hyderabad, the mood among gold buyers was ‘lukewarm’. Gupta, who has been trying to woo customers with offers like ‘no making charges’, said despite all their efforts, the sentiment to buy was lacking. “Business is expected to be at least 30% lower than last year’s Akshaya Tritiya,” he said.
Although business in terms of volume was lower than last year, in terms of value it was almost similar, according to data from the India Bullion & Jewellers Association. Approximately 20 tonnes of gold worth Rs 18,000 crore was sold across the country during the day. In the Mumbai market alone, about 2.5 tonnes of gold worth about Rs 2,350 crore is estimated to have been sold.
Rising gold prices also pushed consumers to opt for more pocket-friendly options. PC Chandra Jewellers, for instance, saw more customers queuing up for lightweight gold jewellery and silver. Some diamond pieces, too, found favour with customers.
The demand for ETFs showed good traction on the bourses. On the NSE, ETFs worth about Rs 340 crore were traded, while on the BSE the corresponding number was nearly Rs 30 crore.
[ad_2]
Source link
About the author
When a Monument Cries for Help — A Citizen’s Appeal from village Masjid moth, South Extension–II
When a Monument Cries for Help — A Citizen’s Appeal from Village Masjid Moth, South Extension–II South Extension–II is known as one of Delhi’s most premium localities — a place associated with culture, history, prosperity, and civic pride. But today, standing next to the historic Masjid Moth monument in Village Masjid Moth, the reality on the ground is heartbreaking, disturbing, and deeply shameful. Just a few days ago, a local resident posted a reel on Instagram showing a film shoot taking place at Masjid Moth. Like him, many young people from this area dream of seeing this monument revived — used respectfully for art, cinema, culture, photography, and tourism. Yet the truth is that the Archaeological Department and civic authorities have completely abandoned it. ▶ View Instagram Reel A Monument Surrounded by Filth and Neglect Garbage carts overflowing with waste […]
Designing Thug Life: Amritha Ram on Styling Kamal Haasan
Costume design in Indian cinema often dances between fantasy and realism. But in Thug Life, Amritha Ram collaborates with cinematic icons Kamal Haasan and Mani Ratnam to craft a fashion-forward yet character-driven wardrobe that breaks norms. In an exclusive with ETimes, Amritha reveals how meticulous planning, storytelling, and visual language drove her designs. Tip 1: Collaboration Is the Key to Vision When asked what excited her most about working on Thug Life, Amritha simply said, “Two names: Kamal Haasan and Mani Ratnam.” The sheer reputation of these legends shaped her approach. Mani Ratnam was clear about the film’s visual tone—stripping away Bollywood glamor for something minimalistic yet powerful. “Mani sir guided me all the way. He knew exactly what he wanted,” she shared. Working with Kamal, who understands fabric, dyeing, and even costume history, was a learning curve. His feedback […]
If It Happened There: Donald Trump sends central troops to quell protests in opposition-ruled California | World News
[ad_1] Protesters confront police on the 101 Freeway near the Metropolitan Detention Center of downtown Los Angeles, Sunday, June 8, 2025, following last night's immigration raid protest. (AP Photo/Jae C. Hong) Note: The following piece is inspired by Joshua Keating’s If It Happened There which uses tropes and tones normally used by American media to describe events in other countries. The facts presented deal with as much exactitude and accuracy as an American media outlets’ reporting about a foreign country.Los Angeles, Mexican for the city of angels, is home to Hollywood – America’s answer to Bollywood – and a city where starstruck aspirants come with the dream of being immortalised on the silver screen. Yet, the city, which falls under America-administered California, an opposition state which overwhelmingly voted for Mr Donald Trump’s rival from the Democratic Party, Ms Kamala Harris, […]
Apple prepares for new ‘Games’ app as domain goes live ahead of WWDC 2025 keynote
[ad_1] Apple is expected to launch iOS 19 (or rumoured iOS 26) and one of new features that is reported to come is a new Apple Games app. Apple appears to be laying the groundwork for this new application, which is said to curate games from the App Store and Apple Arcade, as a domain purportedly leading to the platform has gone live.As per a report by 9to5mac, the company's new games.apple.com domain has just gone live. However, it is currently displaying a blank page, signaling imminent content.This shift from a "Safari Can’t Find The Server" error message to a blank white page strongly suggests Apple is preparing to push content to the URL very soon, potentially coinciding with the conclusion of the Worldwide Developers Conference (WWDC) keynote.What Apple’s new Games app is all aboutWhile the exact function of the […]
MS Dhoni inducted into ICC Hall of Fame | Cricket News
[ad_1] MS Dhoni, former India cricket captain, has been inducted into the ICC Cricket Hall of Fame, recognizing his extraordinary career spanning 16 years with 17,266 international runs, 829 dismissals and 538 matches across formats for India. The wicketkeeper-batsman revolutionized the sport through his unique playing style, tactical leadership and achievements including winning all three ICC men's white-ball titles as captain. "It is an honour to be named in the ICC Hall of Fame, which recognises the contributions of cricketers across generations and from all over the world. To have your name remembered alongside such all-time greats is a wonderful feeling. It is something that I will cherish forever," Dhoni said about his induction. Dhoni's journey began in 2004 when he made his ODI debut. Though he was dismissed for a duck in his first match, he soon announced his […]
160-million-year-old blue-stain fungi in China found to be harmful to trees |
[ad_1] In a groundbreaking discovery, researchers have uncovered 160-million-year-old blue-stain fungi fossils from the Jurassic Tiaojishan Formation in China. The new findings offer fresh insights into the ecological relationships between blue-stain fungi, plants, and insects during the Jurassic period. These fungi are generally nonfatal to their hosts but often accelerate tree mortality when associated with wood-boring insects.According to ScienceDaily, a Chinese team of scientists highlights the discovery of well-preserved blue-stain fungal hyphae within Jurassic fossil wood from northeastern China, pushing back the earliest known fossil record of this fungal group by approximately 80 million years.Know about the blue-stain fungi, deadly to treesBlue-stain fungi are known for their ability to colonize wood, particularly in conifer trees, causing characteristic discoloration in the sapwood. While these fungi do not decompose wood, they often cause considerable damage when associated with wood-boring insects. Their role […]
Related
DJ in the Sky: How a Viral Paragliding Performance Put Bir on the Map
A young DJ recently strapped on not just a harness but also a sound system, delivering a live set while paragliding at 10,000 feet over Bir, Himachal Pradesh. The video spread like wildfire across Instagram, YouTube, and X, garnering millions of views. It was more than a stunt — it was a perfect blend of adventure, creativity, and digital shareability. Why it clicked Novelty factor: Music + extreme sports = instant attention. Visual spectacle: The Himalayas in the background amplified the drama. Social-first content: The clip was optimized for vertical viewing, helping it trend on Reels and Shorts. Cultural meaning The performance wasn’t just a viral gimmick. It symbolized the fusion of youth culture — music festivals, influencer-driven experiences, and India’s booming adventure travel scene. Bir, already known as the paragliding capital of India, is now a global talking point. […]
Designing Thug Life: Amritha Ram on Styling Kamal Haasan
Costume design in Indian cinema often dances between fantasy and realism. But in Thug Life, Amritha Ram collaborates with cinematic icons Kamal Haasan and Mani Ratnam to craft a fashion-forward yet character-driven wardrobe that breaks norms. In an exclusive with ETimes, Amritha reveals how meticulous planning, storytelling, and visual language drove her designs. Tip 1: Collaboration Is the Key to Vision When asked what excited her most about working on Thug Life, Amritha simply said, “Two names: Kamal Haasan and Mani Ratnam.” The sheer reputation of these legends shaped her approach. Mani Ratnam was clear about the film’s visual tone—stripping away Bollywood glamor for something minimalistic yet powerful. “Mani sir guided me all the way. He knew exactly what he wanted,” she shared. Working with Kamal, who understands fabric, dyeing, and even costume history, was a learning curve. His feedback […]
If It Happened There: Donald Trump sends central troops to quell protests in opposition-ruled California | World News
[ad_1] Protesters confront police on the 101 Freeway near the Metropolitan Detention Center of downtown Los Angeles, Sunday, June 8, 2025, following last night's immigration raid protest. (AP Photo/Jae C. Hong) Note: The following piece is inspired by Joshua Keating’s If It Happened There which uses tropes and tones normally used by American media to describe events in other countries. The facts presented deal with as much exactitude and accuracy as an American media outlets’ reporting about a foreign country.Los Angeles, Mexican for the city of angels, is home to Hollywood – America’s answer to Bollywood – and a city where starstruck aspirants come with the dream of being immortalised on the silver screen. Yet, the city, which falls under America-administered California, an opposition state which overwhelmingly voted for Mr Donald Trump’s rival from the Democratic Party, Ms Kamala Harris, […]
Apple prepares for new ‘Games’ app as domain goes live ahead of WWDC 2025 keynote
[ad_1] Apple is expected to launch iOS 19 (or rumoured iOS 26) and one of new features that is reported to come is a new Apple Games app. Apple appears to be laying the groundwork for this new application, which is said to curate games from the App Store and Apple Arcade, as a domain purportedly leading to the platform has gone live.As per a report by 9to5mac, the company's new games.apple.com domain has just gone live. However, it is currently displaying a blank page, signaling imminent content.This shift from a "Safari Can’t Find The Server" error message to a blank white page strongly suggests Apple is preparing to push content to the URL very soon, potentially coinciding with the conclusion of the Worldwide Developers Conference (WWDC) keynote.What Apple’s new Games app is all aboutWhile the exact function of the […]
MS Dhoni inducted into ICC Hall of Fame | Cricket News
[ad_1] MS Dhoni, former India cricket captain, has been inducted into the ICC Cricket Hall of Fame, recognizing his extraordinary career spanning 16 years with 17,266 international runs, 829 dismissals and 538 matches across formats for India. The wicketkeeper-batsman revolutionized the sport through his unique playing style, tactical leadership and achievements including winning all three ICC men's white-ball titles as captain. "It is an honour to be named in the ICC Hall of Fame, which recognises the contributions of cricketers across generations and from all over the world. To have your name remembered alongside such all-time greats is a wonderful feeling. It is something that I will cherish forever," Dhoni said about his induction. Dhoni's journey began in 2004 when he made his ODI debut. Though he was dismissed for a duck in his first match, he soon announced his […]
160-million-year-old blue-stain fungi in China found to be harmful to trees |
[ad_1] In a groundbreaking discovery, researchers have uncovered 160-million-year-old blue-stain fungi fossils from the Jurassic Tiaojishan Formation in China. The new findings offer fresh insights into the ecological relationships between blue-stain fungi, plants, and insects during the Jurassic period. These fungi are generally nonfatal to their hosts but often accelerate tree mortality when associated with wood-boring insects.According to ScienceDaily, a Chinese team of scientists highlights the discovery of well-preserved blue-stain fungal hyphae within Jurassic fossil wood from northeastern China, pushing back the earliest known fossil record of this fungal group by approximately 80 million years.Know about the blue-stain fungi, deadly to treesBlue-stain fungi are known for their ability to colonize wood, particularly in conifer trees, causing characteristic discoloration in the sapwood. While these fungi do not decompose wood, they often cause considerable damage when associated with wood-boring insects. Their role […]
Be the first to leave a comment