Akshay Tritiya is Tomorrow: Akshay Tritiya Offers from India Post, Jos Alukkas, Tanishq

gold coins

Akshay Tritiya is Tomorrow: Akshay Tritiya Offers from India Post, Jos Alukkas, Tanishq

Akshay Tritiya is Tomorrow: Akshay Tritiya Offers from India Post, Jos Alukkas, Tanishq

Hyderabad: There is a belief among Indian that purchasing gold or other valuable on Akshay Tritiya is very auspicious.  Since the last seven years, the price of gold is increasing and along with it the sales of gold is also increasing.  The price of gold dropped last month. Though there is slight increase in the price of gold in this month, it is less than what was the price in 2013 on Akshaya Tritiya day.

In previous years, banks were also competing with gold traders in selling gold coins and bars.  But this year the banks are not offering any special discounts in this season as gold price is less this year.

Akshay Tritiya falls on 13th this month. Though this is marriage season many people already purchased gold when the prices dropped last month.  Thus bullion traders are not expecting huge sales on this Akshay Tritiya.

The sale of gold coins in banks began in the year 2008-2009.  There was huge demand for the gold coins which were available with the bank stamp and the sealed packages. Though the price is more when compared to the price in gold shops, the demand increased as there is guarantee for the purity of gold.  But this year banks completely stopped the sale of gold coins.  State Bank of India is ready to sell 100 kgs gold coins in Andhra Pradesh but made it clear that there will be no special offers.  According to SBI officials 2,4,5,10,20 gram gold coins will be available in all the branches and 50 and 100 gram coins will be available in only selected branches of SBI.  The bank is requesting the customers to purchase gold coins worth more than Rs. 50,000 only through cheques.

Akshay Tritiya Offers

  • India Post announced that 7% discount will be given on 0.5 – 50 grams gold coins.  This offer will be available till 30th June, 2013.
  • Tanishq show room is offering a gold coin purchase of 10 gram gold ornaments or Rs. 8000 and above diamond ornaments.  15% discount is announced on diamond ornament worth Rs. 2 lakh and above.
  • Jos Alukkas announced that a gold coin will be given as gift for the gold ornaments that are booked in advance.

The customers should remember that before purchasing any ornament or coin, there should be clarity about the taxes, making charges etc.