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Gold Rate on Akshay Tritiya: Gold Rates in Mumbai, Delhi, Kolkata, Hyderabad, Bangalore

May 13, 2013 in Gold, Gold Bullion, Gold Coins, Investing, Precious Metals, World Coins

May 13th, 2013 by Rakesh (http://www.aegindia.org)

Mumbai: Akshay Tritiya has become one of the prominent festivals for Indians.  Indians believe that purchasing gold on this day is very auspicious and it grows multifold.  Special Pooja is performed for Goddess Lakshmi on this day.  This is one of the two auspicious days in the year to purchase gold.  The other is Dhanteras which falls in November month.

Every year jewelers gear up for the festival in advance.  Even banks sell pure gold coins and bars.  Bombay Stock Exchange and National Stock Exchange also extend their trading hours to sell goldexchange traded funds.  The price of gold was steadily increasing since last few years.  But this year the price is down since April.  It is expected that this will boost the sales of gold on Akshay Tritiya day by at least 40%.

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