- Reliance Jewels Plans to Open in Kerala
Reliance announced plans to open jewelleries in all major cities in India, including four or five outlets in Kerala initially and to expand later.
27-April-2012 - Gold Prices and Sales Still High after Akshaya Tritiya
Due to wedding and festival seasons gold sales are still up. Prices are also high since dollar rate is going up against rupees. Also NY bullion prices are showing upward trends after US Federal Reserve's promises of taking urgent actions to boost US economy.
25-April-2012 - Grand Sales of Gold on Akshaya Tritiya
All states in India marked high sales of gold during Akshaya Tritiya hours this year. Sales of gold bars, coins and jewelleries were more than previous years. People showed interest in opening demat accounts and investing in Gold ETFs in these auspicious hours.
24-April-2012 - Gold Price Went Up on Akshaya Tritiya Day
Gold rate in Kerala showed the highest this month (and this year) due to high demand of Akshaya Tritiya. One Pavan (8Gm/22Ct) gold is Rs.21440 today with an increase of Rs.120 from yesterday's price Rs.21320.
24-April-2012 - Big Rush to Buy Gold on Akshaya Tritiya
Jewelleries across Kerala were open for more hours to meet big rush of customers to buy gold coins and ornaments at auspicious hours of Akshaya Tritiya yesterday and today. Most of the jewelleries have announced attractive offers and prizes for Akshaya Tritiya sales. Malabar Gold offers 4% discount and surprise gifts to customers. Bhima Jewellery has 916 gold coins, 24 Carat Swiss gold biscuits and 22 carat gold coins specially blessed from Chottanikkara Temple. Geojit Com Trade announced special investment schemes of Gold ETFs without brokering charges. National Stock Exchange (NSE) announced extended trading hours on Gold ETF without transaction charges today.
23-April-2012 - Akshaya Tritiya Starts at 6 PM Today
All the jewelleries in Kerala are preparing for grand sales during the auspicious occassion of Akshaya Tritiya starting at 6 PM today and ends at 8 PM tomorrow. Josco Jewellers annouced special offers and their showrooms across the country will be open from 7.30 AM tomorrow. Jos Alukkas offers free gold coins for purchase above Rs.25,000 and Joy Alukkas offers gold coins for purchase above Rs.30,000. Alapatt Jewellery offers Rs.1000 discount per Pavan.
21-April-2012 - Gold Coin Discount Offers in MMTC
MMTC (Metals and Minerals Trading Corporation Ltd.) under Central Government has announced 0.5% discount on gold coins and bars during Akshaya Tritiya, upto 25th April, available at MMTC office in Chittoor Road, Eranakulam.
21-April-2012 - Pendant Exhibition at Sunny Diamonds
Diamond pendant exhibition started at Sunny Diamonds, Rajaji road, Kochi. New designs of prices from Rs.5000 to 5 Lakhs will be on display and sales. Another attraction will be traditional Kerala styles done with diamonds. Exhibition will be till 25th April.
21-April-2012 - Gold Coin Sales Through Post Offices
1gm, 5gm, 8gm, 10gm, 20gm, 50gm gold coins will available from 950 post offices throughout the country at 6% discount price during the auspicious occassion of Akshaya Tritiya this month. This offer is upto June 30 only.
19-April-2012 - Gift Offers at Alapatt Arcade
Alapatt Arcade showroom at M.G.Road, Eranakulam celebrates 11th anniversary, offering various gift schemes named 'Kanakamuhurtham' on 19th April.
18-April-2012 - Committee to Monitor Gold Loan
RBI has formed a new committee to monitor and study working of Non-Banking Financial Companies (NBFC) offering gold loan services.
13-April-2012 - Akshaya Thritiya Offer in Tanishq
Major brand Tanishq has offered one gold coin free for each purchase, 10% discount on purchase of diamond ornaments worth more than two lakhs. This offer is from 13th to 24th April.
10-April-2012 - Gold Sales Still Down Even After End of Gold Merchants Strike
The price of gold is still high which keeps customers away and sales in jewelleries are still down even though wedding season and Akshaya Tritiya are coming up.
10-April-2012 - Akshaya Tritiya Advance Booking
Akshaya Tritiya advance bookings started in Bhima showrooms from today.
9-April-2012 - Indian Stock Market Outperforms Over Gold Prices
First quarter results of year 2012 showed that the stock market in India rose by 15% while gain in gold prices is just 3%.
6-April-2012 - Gold Merchants Strike Withdrawn
After getting assurance from Finance Minister Pranab Mukherji that a suitable decision will be made regarding recent budget taxes on gold, the merchants have withdrawn strike of last 21 days and shops will be opened from tomorrow. The gold merchants in Kerala were on protest but shops were not closed.
6-April-2012 - Government May Revoke Recent Taxes Imposed on Gold
Gold merchants were on strike for last 21 days against the recent 4% tax hike on gold. Now the sources have rvealed that Government may consider gold merchants grievances and revoke taxes announced in budget.
2-April-2012 - Gold Loan Limited to 60%
Reserve Bank has advised all non-banking companies (NBFC) to limit gold loan to 60% from present 80 to 85% they were giving presently. RBI has also instructed not to give gold loan for gold coins.
1-April-2012 - Bhima Thodupuzha Inaugurated
Bhima showroom started at Thodupuzha today.
1-April-2012 - Gold Import Going Down
Due to increasing price of gold, the sales of gold decreases and import to India is falling down. This year's Central budget had imposed excise duty on non-branded gold jewellery and increased the import tax of gold. As a protest jewelleries in many states of the country are on indefinite strike by closing shops. This has also resulted in decreased demand and thus import of gold.
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