High gold prices significantly impacted Akshaya Tritiya sales, with volume declining by an estimated 30% nationwide. While overall gold sales volume decreased, value increased by 15-20% due to soaring prices, reaching ₹98,469 per 10 grams with GST. South India showed stronger demand, particularly for plain gold and diamond jewellery, contrasting with muted demand in other regions.
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian