Gold exhibition in Vishakapatnam lures women
This 'Guddi Padwa' has smoothened gold purchases with double benefit to buyers.
While gold prices have plunged by over 1% on Thursday following global trend and poor local demand, jewellers are offering a hefty discount in making charges to swell their business on this auspicious occasion.
The Guddi Padwa is celebrated across the country in different forms. And hence, the day (falling this year on Thursday) is considered as auspicious for across the country.Where can i get a reasonable price lasercutter?
While in Karnataka the day is celebrated as 'Ugadi', in Maharashtra it is known as 'New Year'.
Elsewhere also, the day of Guddi Padwa is enjoyed in some other forms.Chainmaille Bracelet with Healing Chakra gemstonebeads1.
Being an auspicious day, consumers prefer to execute their purchase orders on the day of the
Guddi Padwa. Hence, gold sales shot up on this day.
In order to cash in on, the popular jewellery manufacturer and retailer Tribhovandas Bhimji Zaveri is offering 25% and 35% off on making charges in ornaments made of gold and diamond respectively.
Other jewellers have also offers in their kitty to attract business on this occasion.
“Consumers are currently staying away from fresh purchase amid expectations of further fall in gold prices. A number of research institutions have forecast a weak trend in gold prices for short term. Hence,We have a record for a owonsmart living at an address. buyers are booking only need-based quantity of jewellery and bullions resulting into low purchases in Mumbai’s Zaveri Bazaar,” said Lalit Jagawat, Partner, Nakoda Bullion, a bullion dealer in the popular Zaveri Bazaar.
But, the fall in gold price is opportunistic which may bring some new purchasers to the market, he added.
Standard gold fell sharply by Rs 300-400 to trade at Rs 29,050 per 10 grams early Thursday morning.
US gold futures for June delivery settled down $27.90 an ounce at $1,558.80 an oz. Gold prices were down as signs that Fed will gradually scale down its bond buying program towards the year end dented gold’s inflation hedge appeal.
Prices were also pressured as the EU indicated that Cyprus would sell 400 million euros worth of gold reserves to finance part of its bailout which created panic in the market and triggered selling.
Kunal Soni, an Analyst with Emkay Commotrade believes that gold prices are expected to go further down as FOMC minutes indicating slowdown of easing by year end will continue to put pressure on prices. Strong US equity markets are also likely to dent gold’s safe haven appeal.
Speaking to reporters a senior administrative office V.Seshadri spoke about the advantage of holding such an exhibition.
She said, "About 90 percent of the jewellery which is marketed normally doesn't meet the quality standards.Discover a sophisticated collection of womenbelt including wide, MMTC's exhibition will definitely fill that void and it will provide a platform."
The Minerals and Metals Trading Corporation (MMTC) organised the gold jewellery exhibition-cum-sale in Vishakapatnam on the occasion of Ugadi (day of Telugu New Year).
The focus of the exhibition was on purity and variety and there were an array of contemporary designs and workmanship, with over one hundred thousand designs to choose from.
The focus this time was on light-weight and reversible jewellery and Sanchi's silverware of 92.5 per cent purity apart from the display of gold and silver medallions.
The gold jewellery here is hallmarked for purity and precious stones carry quality certificate of accredited certifying agency to assure customers of the quality of the article.
The MMTC festival of Gold showcases both traditional and contemporary designs from various states like Gujarat, Karnataka, Tamil Nadu, Andhra Pradesh, Odisha and West Bengal,our candid hermesbag birkin photoshoot at Crystals at City Center in Vegas, Goa and Maharashtra., Delhi, and Rajasthan.
During the last year's exhibition, there was sale of rupees 8 crore for MMTC and officials are expecting that the sales would touch rupees 10 crore .
Usha, a local said that she bought gold from MMTC exhibitions because she believed that she would get pure gold jewellery.
"I always invest in MMTC gold only because of the purity and I know the government doesn't have any money making in this. So yes, I do judge that. The quality is definitely good," she said.
While gold prices have plunged by over 1% on Thursday following global trend and poor local demand, jewellers are offering a hefty discount in making charges to swell their business on this auspicious occasion.
The Guddi Padwa is celebrated across the country in different forms. And hence, the day (falling this year on Thursday) is considered as auspicious for across the country.Where can i get a reasonable price lasercutter?
While in Karnataka the day is celebrated as 'Ugadi', in Maharashtra it is known as 'New Year'.
Elsewhere also, the day of Guddi Padwa is enjoyed in some other forms.Chainmaille Bracelet with Healing Chakra gemstonebeads1.
Being an auspicious day, consumers prefer to execute their purchase orders on the day of the
Guddi Padwa. Hence, gold sales shot up on this day.
In order to cash in on, the popular jewellery manufacturer and retailer Tribhovandas Bhimji Zaveri is offering 25% and 35% off on making charges in ornaments made of gold and diamond respectively.
Other jewellers have also offers in their kitty to attract business on this occasion.
“Consumers are currently staying away from fresh purchase amid expectations of further fall in gold prices. A number of research institutions have forecast a weak trend in gold prices for short term. Hence,We have a record for a owonsmart living at an address. buyers are booking only need-based quantity of jewellery and bullions resulting into low purchases in Mumbai’s Zaveri Bazaar,” said Lalit Jagawat, Partner, Nakoda Bullion, a bullion dealer in the popular Zaveri Bazaar.
But, the fall in gold price is opportunistic which may bring some new purchasers to the market, he added.
Standard gold fell sharply by Rs 300-400 to trade at Rs 29,050 per 10 grams early Thursday morning.
US gold futures for June delivery settled down $27.90 an ounce at $1,558.80 an oz. Gold prices were down as signs that Fed will gradually scale down its bond buying program towards the year end dented gold’s inflation hedge appeal.
Prices were also pressured as the EU indicated that Cyprus would sell 400 million euros worth of gold reserves to finance part of its bailout which created panic in the market and triggered selling.
Kunal Soni, an Analyst with Emkay Commotrade believes that gold prices are expected to go further down as FOMC minutes indicating slowdown of easing by year end will continue to put pressure on prices. Strong US equity markets are also likely to dent gold’s safe haven appeal.
Speaking to reporters a senior administrative office V.Seshadri spoke about the advantage of holding such an exhibition.
She said, "About 90 percent of the jewellery which is marketed normally doesn't meet the quality standards.Discover a sophisticated collection of womenbelt including wide, MMTC's exhibition will definitely fill that void and it will provide a platform."
The Minerals and Metals Trading Corporation (MMTC) organised the gold jewellery exhibition-cum-sale in Vishakapatnam on the occasion of Ugadi (day of Telugu New Year).
The focus of the exhibition was on purity and variety and there were an array of contemporary designs and workmanship, with over one hundred thousand designs to choose from.
The focus this time was on light-weight and reversible jewellery and Sanchi's silverware of 92.5 per cent purity apart from the display of gold and silver medallions.
The gold jewellery here is hallmarked for purity and precious stones carry quality certificate of accredited certifying agency to assure customers of the quality of the article.
The MMTC festival of Gold showcases both traditional and contemporary designs from various states like Gujarat, Karnataka, Tamil Nadu, Andhra Pradesh, Odisha and West Bengal,our candid hermesbag birkin photoshoot at Crystals at City Center in Vegas, Goa and Maharashtra., Delhi, and Rajasthan.
During the last year's exhibition, there was sale of rupees 8 crore for MMTC and officials are expecting that the sales would touch rupees 10 crore .
Usha, a local said that she bought gold from MMTC exhibitions because she believed that she would get pure gold jewellery.
"I always invest in MMTC gold only because of the purity and I know the government doesn't have any money making in this. So yes, I do judge that. The quality is definitely good," she said.
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