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http://hdl.handle.net/11718/21789| Title: | Ahmedabad: Longer wedding season, low prices to push gold sales |
| Authors: | Sahay, Arvind |
| Keywords: | IIMA;Economic slowdown;Gold and jewelery sales;Summer;Akshaya Tritiya |
| Issue Date: | 5-May-2019 |
| Publisher: | DNA India |
| Abstract: | Relatively stable price of gold and a series of weddings lined-up in summer are likely to result in an increase in sales of gold, according to India Gold Policy Centre of IIM- Ahmedabad. However, business sentiment among city jewellers is mixed. Successive bad monsoons and overall economic slowdown have affected gold and jewellery sales. |
| Description: | "The price of gold is fair now. There are close to 70 auspicious days for weddings , which is considered good for a season. Higher the number of days, higher the gold sales would be," said Arvind Sahay, chairperson of IGPC at IIM-A. Global geopolitical uncertainty will also shoot up the prices so anyone buying gold on now will have upside potential at price. |
| URI: | http://hdl.handle.net/11718/21789 |
| Appears in Collections: | IIMA In Media |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| DNA_05_MAY_2019_AHMEDABAD.jpg | DNA_05_MAY_2019_AHMEDABAD | 1.92 MB | JPEG | View/Open |
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