Latest news with #RankaJewellers
Indian Express
30-04-2025
- Business
- Indian Express
Gold sales shine on Akshaya Tritiya despite high prices
Jewellers across the city reported a strong response from buyers this Akshaya Tritiya, with many customers turning up early to purchase gold and silver, undeterred by rising prices. Rohit Mehta, 64-year-old manager at Mehta Jewels, said, 'This Akshaya Tritiya, we've seen a very positive response. Customers have been coming in since morning, and many are buying both gold and silver, especially coins and light jewellery. The festive mood is strong, and with gold prices high—24-carat is at Rs 96,250 and 22-carat around Rs 88,600—people are still investing with faith. It's tradition and trust that drive these purchases, not just price.' Sunita Deshmukh, a 48-year-old customer at Mehta Jewels, said, 'Every year, we buy a small gold coin or jewellery on Akshaya Tritiya—it's something we never miss. Even if prices are high, it feels lucky, and it's our way of saving for the future too.' Vivek Kulkarni, sales head at Anandi Jewellers, said, 'Compared to last year, we're seeing more footfall today. Most customers are buying lightweight pieces or coins. Some are going for small investment bars as well. Silver items, especially coins, are also in demand.' Jewellers said the day remained busy, and purchases were steady throughout. Traditional buyers and those purchasing for weddings contributed significantly to the sales. Fatehchand Ranka, owner of Ranka Jewellers, said, 'There hasn't been any change in customer buying trends. In fact, this year's gold purchases have surpassed last year's. We've observed a stronger buying pattern overall. Many are buying bullion in keeping with Marathi traditions, along with jewellery, whether heavy or lightweight. Sales have been far better than expected.' Omkar Shinde from PNG Exclusive said, 'Purchases are being made out of tradition. Customers are primarily opting for lightweight jewellery and bullion, and the flow of buyers has remained steady.' Atul Ashtekar, partner at KRA Jewellers, said, 'Besides gold, silver coins and bullion are also seeing good demand. Gold is being purchased mainly from an investment perspective, and with the wedding season approaching, there's been a rise in customised jewellery orders. The current rates are Rs 96,203 for 24-carat gold, Rs 88,583 for 22-carat gold, and Rs 19,200 for silver bullion.'
Hindustan Times
30-04-2025
- Automotive
- Hindustan Times
Gold continues to glitter in Pune on Akshaya Tritiya
On the auspicious occasion of Akshaya Tritiya on Wednesday, considered one of the most significant days in the Hindu calendar, a large number of people flocked to markets to purchase gold, continuing a long-standing tradition believed to bring prosperity. Shops like PNG Jewellers, Ranka Jewellers, Ashtekar Jewellers and many others witnessed significant footfall throughout the day. Shailesh Ranka, director of Ranka Jewellers, said, 'Even though gold prices have crossed ₹95,000, people's faith in the auspiciousness of Akshaya Tritiya remains strong. Many are still buying at least one tola (approximately 10 grams) of gold today.' He added that all three of their showrooms in Pune saw brisk business. 'We have evolved our designs over time, and currently, lightweight jewellery is in high demand among customers,' Ranka said. 'Every year on Akshaya Tritiya, we make it a point to buy at least a small piece of gold it's a tradition in our family. This time, even though the prices were quite high, I still bought a pair of gold earrings for my daughter. I believe buying gold on this day brings long-term prosperity and blessings,' said Meena Pardeshi a citizen. The price of 24-carat gold was ₹97,970 per 10 grams, while 22-carat gold was priced at ₹89,750 per 10 grams. The rate for 24-carat gold has dropped by ₹60. However, with GST applicable on gold purchases, the net price difference was not significant. Meanwhile, there has been a decrease in two-wheeler vehicle registration this year during the Akshaya Tritiya period at the Pune Regional Transport Office (RTO) compared to last year. Interestingly there is a rise in the four-wheeler registration compared to other types of vehicles. As per the data shared by the Pune RTO, between April 22 and April 29, a total of 6710 vehicles were registered whereas from May 2 to May 9 last year a total of 7,191 vehicles were registered under Pune RTO. Last year a total of 1,593 cars were registered compared to this year a total of 1,680 cars were registered during this period. 'We had been planning to buy a new car for a while, and Akshaya Tritiya felt like the perfect day to go ahead with the plan. We booked a compact SUV and even performed a small pooja at the dealership,' said Rajesh Kulkarni, an IT professional.
