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Mint
30-04-2025
- Business
- Mint
Akshaya Tritiya 2025: Muhurat timing to buy gold on Akha Teej
Akshaya Tritiya 2025: Akshaya Tritiya, also referred to as Akha Teej, is a significant and sacred day for Hindu communities. It will be observed on April 30, Wednesday. Muhurat timing to buy gold on Akshaya Tritiya is between 5:41 AM and 12:18 PM. Akshaya Tritiya is considered to bring good fortune and success. Many individuals purchase gold on this occasion as it is thought that acquiring gold on Akshaya Tritiya leads to prosperity and increased wealth in the future. Moreover, it is believed that gold purchased on Akshaya Tritiya will never lose its value and will continue to appreciate over time. At present, the price of gold has reached ₹ 1 lakh for 10 grams, in contrast to ₹ 73,500 on Akshaya Tritiya last year. Likewise, silver prices have risen to ₹ 1,00,000 per kilogram, an increase from ₹ 86,000 per kilogram in 2023. As per reports, the domestic jewelry market is expected to experience a "mixed trend" in gold and silver purchases on the auspicious occasion of Akshaya Tritiya, in light of the significant increase in precious metal prices, stated the Confederation of All India Traders (CAIT) on Tuesday. Pankaj Arora, President of the All India Jewellers and Goldsmith Federation, has estimated a business turnover of ₹ 16,000 crore on Akshaya Tritiya, which falls on April 30. This year's Akshaya Tritiya is anticipated to see gold sales reach approximately 12 tonnes valued at nearly ₹ 12,000 crore, along with around 400 tonnes of silver worth ₹ 4,000 crore, totaling an estimated business of ₹ 16,000 crore, according to All India Jewellers and Goldsmith Federation President Pankaj Arora, as per reports. The term Akshaya translates to 'never diminishing.' Therefore, the advantages of performing any Japa, Yajna, Pitra-Tarpan, or Dan-Punya on this day are everlasting and stay with the individual indefinitely. Akshaya Tritiya occurs during the Shukla Paksha Tritiya in the month of Vaishakha. When Akshaya Tritiya coincides with a Rohini Nakshatra day and a Wednesday, it is deemed highly auspicious. The day of Akshaya Tritiya is presided over by Lord Vishnu, the preserver in the Hindu Trinity. According to Hindu legends, the Treta Yuga commenced on Akshaya Tritiya. Typically, Akshaya Tritiya and Parashurama Jayanti, which celebrates the birth of the 6th incarnation of Lord Vishnu, occur on the same day, although the starting time of the Tritiya Tithi may cause Parashurama Jayanti to fall one day. According to Drik Panchang, Akshaya Tritiya is on Wednesday, April 30, 2025. Akshaya Tritiya Puja Muhurat - 05:41 AM to 12:18 PM Duration - 06 Hours 37 Mins Tritiya Tithi Begins - 05:31 PM on Apr 29, 2025 Tritiya Tithi Ends - 02:12 PM on Apr 30, 2025 Pune - 06:08 AM to 12:32 PM New Delhi - 05:41 AM to 12:18 PM Chennai -05:49 AM to 12:06 PM Jaipur- 05:49 AM to 12:24 PM Hyderabad- 05:51 AM to 12:13 PM Gurgaon- 05:42 AM to 12:19 PM Chandigarh- 05:40 AM to 12:20 PM Kolkata- 05:05 AM to 11:34 AM Mumbai- 06:11 AM to 12:36 PM Bengaluru- 05:59 AM to 12:17 PM Ahmedabad- 06:07 AM to 12:37 PM Noida- 05:41 AM to 12:18 PM On April 29 - Akshaya Tritiya Gold Purchase Timings - 05:31 PM to 05:41 AM, Apr 30 Duration - 12 Hours 11 Mins Auspicious Choghadiya timings overlapping Akshaya Tritiya Evening Muhurat (Labha) - 08:16 PM to 09:37 PM Night Muhurat (Shubha, Amrita, Chara) - 10:57 PM to 03:00 AM, Apr 30 On April 30 - Akshaya Tritiya Gold Purchase Timings - 05:41 AM to 02:12 PM Duration - 08 Hours 30 Mins Auspicious Choghadiya timings overlapping Akshaya Tritiya Morning Muhurat (Shubha) - 10:39 AM to 12:18 PM Morning Muhurat (Labha, Amrita) - 05:41 AM to 09:00 AM Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision. First Published: 30 Apr 2025, 06:48 AM IST
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Business Standard
29-04-2025
- Business
- Business Standard
Akshaya Tritiya biz may touch Rs 16K cr, market to see mixed trend: CAIT
The domestic jewellery market is likely to witness a "mixed trend" in gold and silver buying on the auspicious day of Akshaya Tritiya amid sharp rise in prices of precious metal, Confederation of All India Traders (CAIT) said on Tuesday. All India Jewellers and Goldsmith Federation President Pankaj Arora has projected a business of Rs 16,000 crore on Akshaya Tritiya, a Hindu festival celebrated on April 30. "This year, jewellery markets across the country are witnessing mixed trends ahead of Akshaya Tritiya, mainly due to the sharp rise in gold prices in recent weeks," CAIT said in a statement. Currently, gold prices have touched Rs 1 lakh per 10 grams, compared to Rs 73,500 on the day of Akshaya Tritiya last year. Similarly, silver prices have touched Rs 1,00,000 per kilogram, up from Rs 86,000 per kilogram in 2023. All India Jewellers and Goldsmith Federation President Pankaj Arora said, "Typically, Akshaya Tritiya sees a surge in purchases, but this year, elevated prices have affected consumer demand." On this year's Akshaya Tritiya, sales are expected to reach around 12 tonnes of gold worth nearly Rs 12,000 crore and about 400 tonnes of silver worth Rs 4,000 crore, making a total estimated business of Rs 16,000 crore, he said. A slight slowdown in customer buying sentiment is expected due to the high prices of gold and silver, he added. Global economic uncertainty, rising crude oil prices, weakening of the Indian rupee against the dollar, and increased investor interest in gold as a safe-haven asset have driven up the prices of gold and silver. Additionally, geopolitical tensions and fluctuations in interest rates have also contributed to the price surge. CAIT's National President, B C Bhartia said the ongoing wedding season in India has prevented a complete drop in jewellery demand. Jewellers have also introduced attractive offers to draw in customers. Trade leaders have urged customers to purchase only BIS hallmarked and certified jewellery and to always insist on a proper bill. They also advised buyers to transact only with trusted jewellers to ensure pricing transparency. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hans India
29-04-2025
- Business
- Hans India
Indian traders hopeful for good business on Akshaya Tritiya: CAIT
New Delhi: Despite a sharp rise in gold prices this year, Indian traders remain hopeful for strong business on Akshaya Tritiya -- one of the most auspicious festivals in India, which will be celebrated on April 30, the Confederation of All India Traders (CAIT) said on Tuesday. Even though the price of gold has soared close to Rs 1,00,000 per 10 grams, traders are optimistic that the festive spirit will drive demand. Pankaj Arora, President of the All India Jewellers and Goldsmith Federation, said that gold sales are expected to reach around 12 tonnes, worth Rs 12,000 crore. 'In addition, silver sales may touch 400 tonnes, worth Rs 4,000 crore. In total, business worth Rs 16,000 crore is expected this year,' Arora stated. However, he admitted that the high prices have made some customers hesitant. Arora explained that several global factors have pushed up prices -- such as economic uncertainty, rising crude oil rates, a weak rupee, and geopolitical tensions. 'Many investors are also turning to gold as a safe investment, adding more pressure on prices,' he added. CAIT President B.C. Bhartia said that buying gold and silver for weddings is a deep-rooted tradition in India, so essential purchases are still happening. 'Jewellers are also offering discounts and special deals to attract buyers,' Bhartia stated, adding that the ongoing wedding season has helped maintain some demand. Trade leaders have urged customers to buy only BIS hallmarked jewellery and always ask for a proper bill. They advised people to shop only from trusted jewellers to avoid any fraud and ensure fair pricing. According to CAIT, gold prices have seen a steep rise. Last year, gold was priced at around Rs 73,500 for 10 grams, but this year it has touched Rs 1 lakh mark. Silver too has jumped to Rs 1,00,000 per kilogram from Rs 86,000 per kilogram in 2023. While the prices may have risen sharply, the spirit of Akshaya Tritiya remains strong among traders as buying gold on this day is considered a symbol of bringing prosperity and good fortune in India. There is a popular belief that gold purchased on Akshaya Tritiya never loses value.
