High prices, cash shortage take the sheen off Akha Trij

Surat | Thursday | 19th April, 2018

Summary:

AHMEDABAD/SURAT/RAJKOT: The demand for gold this Akshaya Tritiya or Akha Trij, though much better than routine days, was not in line with that expected. Bhayabhai Soni , president, Rajkot Gold Jewellers Association , said, “After recession in the business for last few months, sales were good on Akha Trij. On Wednesday, Akha Trij, the price of the yellow metal settled at around Rs 32,350 per 10g, gold sales in the form of bars, coins as well as jewellery, remained subdued. Wedding jewellery sales remained low too. Over the last few days, people in Surat are witnessing cash shortage and many ATMs are unable to dispense cash..