Latest news with #AkshayaTritya
The Hindu
30-04-2025
- Business
- The Hindu
Gold glitters for Tiruchi's jewellery businesses on Akshaya Tritya
Market sentiment remained buoyant on Wednesday as customers flocked to jewellery stores in Tiruchi to purchase gold on the occasion of Akshaya Tritya. 'This has been a good year for customers who had pre-booked their purchases, as the gold rates would also be fixed for that day. Gold jewellery savings schemes have also helped those who are on a budget, to plan ahead,' S. Vadivu, general manager, Tanishq, told The Hindu. Ms. Vadivu added that several buyers in Tiruchi waited specifically for Akshaya Tritya to make their purchase. 'Buying gold on this auspicious day is believed to bring good fortune,' she said. Traders said that the price of 22 carat gold dropped to ₹8,975 per gram in the afternoon on Wednesday, from ₹8,980 in the morning. 'The price fluctuation late in the day may not reach the ordinary customer. However, we expect bulk gold buyers and ornament manufacturers to benefit from the price drop. In the long run, the gold must become cheaper in order to sustain business,' said J. Rajnikanth, a city gemmologist and entrepreneur. At GRT Jewellers, Akshaya Tritya yielded average business as most customers were finding 22 carat gold unaffordable, said a store official. 'We have started offering ornaments in 18 and 14 carats for those who are on a budget, as even a small difference in pricing can help in saving money,' he said. Industry sources said that despite gold prices in India being hit by volatility in the global markets, the yellow metal was still an attractive investment for many people. 'It is the most preferred purchase for those who want to save their disposable income. Gold can be transported or encashed on demand, unlike immovable assets. People prefer to buy gold irrespective of their economic background. Akshaya Tritya is considered to be an auspicious day for this,' said Diljit Shah, managing partner, N. Gopaldas Jewellery.
Mint
30-04-2025
- Business
- Mint
Gold prices in your city today, Akshaya Tritiya: Check Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata on April 30
Citywise gold prices today, April 30 / Akshaya Tritya 2025: Today (April 20, 2025) Akshaya Tritiya, also known as 'Akti' and 'Akha Teej' is being celebrated across India. On this day, Hindus believe that any new start will be prosperous and successful, and thus buy gold. From an investors perspective too, gold is thesafe haven investment to secure your portfolios. In terms of rate of return, over the past 10 Aktis from 2015 till 2025, the yellow metal skyrocketed over ₹ 68,500 per 10 grams, a study by HDFC Securities showed. A report by Ventura Securities also showed that between Akshaya Tritiya 2024 to 2025 alone, gold jumped a pricey 30 per cent from ₹ 73,240/10 gm to present levels of ₹ 95,000-96,000. Most experts believe that the expensive price tag is not a deterrent for gold buyers this Akshaya Tritiya, as prices already touched record all-time highs of ₹ 1 lakh/10 gm in retail. This happened due to United States President Donald Trump's tariffs war, but gold prices fell amid pressure from the US Dollar and hopes of regularisation in the US-China trade. This Akshaya Tritiya, Gold MCX prices at 6.40 am on April 30, are at ₹ 95,410/10 gm, down ₹ 615/10 gms, as per data on the official website; and MCX Silver prices up by ₹ 62/kg, to ₹ 96,800/kg, it showed. Further, 24-carat gold was priced at ₹ 95,680/10 gm, according to data on the Indian Bullion Association (IBA) at 6.40 am on Akshaya Tritiya. Further, 22-carat gold was priced at ₹ 87,707/10 gms. And, Silver prices today are at ₹ 97,970/kg (Silver 999 Fine), as per the IBA website. So, what is the prices of gold and silver in your city on this auspicious occasion of Akshaya Tritiya? Check here for cost of the precious metals in your city on April 30 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Gold bullion rates in Delhi — ₹ 95,340/10 gm. 95,340/10 gm. MCX Gold rate in Delhi — ₹ 95,410/10 gm. 95,410/10 gm. Silver bullion rate in Delhi — ₹ 97,630/kg. 97,630/kg. MCX Silver 999 rate in Delhi — ₹ 96,800/kg. Gold bullion rates in Kolkata — ₹ 95,380/10 gm. 95,380/10 gm. MCX Gold rate in Kolkata — ₹ 95,410/10 gm. 95,410/10 gm. Silver bullion rate in Kolkata — ₹ 97,670/kg. 97,670/kg. MCX Silver 999 rate in Kolkata — ₹ 96,800/kg. Gold bullion rates in Mumbai — ₹ 95,500/10 gm. 95,500/10 gm. MCX Gold rate in Mumbai — ₹ 95,410/10 gm. 95,410/10 gm. Silver bullion rate in Mumbai — ₹ 97,800/kg. 97,800/kg. MCX Silver 999 rate in Mumbai — ₹ 96,800/kg. Gold bullion rates in Hyderabad — ₹ 95,650/10 gm. 95,650/10 gm. MCX Gold rate in Hyderabad — ₹ 95,410/10 gm. 95,410/10 gm. Silver bullion rate in Hyderabad — ₹ 97,950/kg. 97,950/kg. MCX Silver 999 rate in Hyderabad — ₹ 96,800/kg. Gold bullion rates in Bengaluru — ₹ 95,580/10 gm. 95,580/10 gm. MCX Gold rate in Bengaluru — ₹ 95,410/10 gm. 95,410/10 gm. Silver bullion rate in Bengaluru — ₹ 97,870/kg. 97,870/kg. MCX Silver 999 rate in Bengaluru — ₹ 96,800/kg. Gold bullion rates in Chennai — ₹ 95,780/10 gm. 95,780/10 gm. MCX Gold rate in Chennai — ₹ 95,410/10 gm. 95,410/10 gm. Silver bullion rate in Chennai — ₹ 98,080/kg. 98,080/kg. MCX Silver 999 rate in Chennai — ₹ 96,800/kg. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 30 Apr 2025, 07:09 AM IST
Hindustan Times
29-04-2025
- Business
- Hindustan Times
Are banks open or closed today, April 29? Check details
Banks in some states will remain closed for the next three days. This is on the account of Bhagvan Shri Parshuram Jayanti, Basava Jayanti, Akshaya Tritya, Maharashtra Day and Labour Day. Bank holidays will not be consistent across all states, and customers can check the official website to see the status of banks in their state. On the occasion of Bhagvan Shri Parshuram Jayanti, banks in Shimla will remain closed, meanwhile, banks in other cities and states will remain open. Also read: Banks to remain closed for three days from April 29 to May 1: Here's a list of holidays Believed to be the sixth incarnation of Vishnu, Lord Parshuram is often depicted wielding an axe, from which he derives his name. He was born during the time when Earth was plagued by corruption and is believed to be sent to restore peace on Earth. On this day, people take ceremonial baths, wear traditional attire and observe fasting throughout the day. Lord Vishnu is also worshipped and offered fruits and sweets. Shimla is associated with lord Parshuram as Renuka Lake in Sirmaur district is named after Mata Renuka, his mother. There is also a Parshuram Tal (pond) based on the belief that Parshuram wanted to spend eternity at his mother's feet. Moreover, every year the Renuka fair is held in November, celebrating the values of lord Parshuram's mother. On the occasion of Parshuram Jayanti, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu conveyed his heartfelt wishes to the people. Taking to social media, he tweeted, 'May Lord Parshuram, the symbol of penance, knowledge, valour, and wisdom, bless your life with happiness and prosperity.' The Reserve Bank of India (RBI) divides holidays into two categories: under the Negotiable Instruments Act and Banks' Closing of Accounts. This holiday is under the Negotiable Instruments Act, which regulates notes, bills of exchange, and cheques in India. Additionally, banks are closed on the second and fourth Saturdays of every month.
Hindustan Times
28-04-2025
- Business
- Hindustan Times
Banks to remain closed for three days from April 29 to May 1: Here's a list of holidays
Banks in India will remain closed for three consecutive days from April 29 to May 1. This will be on the occasion of Bhagvan Shri Parshuram Jayanti, Basava Jayanti, Akshaya Tritya, Maharashtra Day and Labour Day. These holidays differ from state to state. Customers can look for the bank holidays in their states on the official website. According to the RBI website, banks in Shimla will remain closed on April 29 on the account of Bhagvan Shri Parshuram Jayanti. Marking the birth of Lord Parshuram, the sixth incarnation of Lord Vishnu. On this day, people observe a fast and offer prayers to lord Vishnu. April 30 will be celebrated as Basava Jayanti and Akshaya Tritya, due to which banks will remain closed. Banks specifically in Bengaluru are to remain closed. Basava Jayanti commemorates the birth of the renowned 12th-century philosopher and social reformer Basavanna. Basava Jayanti is primarily celebrated in Karnataka, where he had the most significant influence. On this occasion people embrace Basavanna's teachings including gender equality, social reforms and eradication of social discrimination. Meanwhile, Akshay Tritya is associated with prosperity and good fortune. It is associated with the belief that investments made on this day will lead to success and financial stability. Banks in most states, including Bengaluru, Kolkata, Mumbai, and Patna, will remain closed on the account of Maharashtra Day. This day is also marked as May Day or Labour Day. Maharashtra Day marks the day when Gujarat and Maharashtra were carved out of the Bombay state after protests by Marathi-speaking people. International Labour Day is celebrated across the world to ensure worker rights and protect them from exploitation. Besides the bank holidays listed across India, banks also also closed on the second and fourth Saturdays of every month. Customers can still access their accounts via net banking and mobile banking, and ATMs will remain open.
