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Friday, 28 April 2017

On the auspicious occasion of Akshaya Tritiya, shares of most of the jewellery companies were gaining in early trade on Friday.

Shares of Tribhovandas Bhimji Zaveri were trading 2.42% higher at Rs 97.50 around 9.35 am (IST). Other stocks such as Tara Jewels, Lypsa Gems, Rajesh Exports, PC Jeweller and Gitanjali Gems were also up 1.40%, 1.03%, 0.86%, 0.70% and 0.49%, respectively.

As per the records available with the leading research channel, the precious metal on the occasion of Akshaya Tritiya in 2016, witnessed sales of around 17 tonnes on the very same day.

The report also added that macro-economic factors have been pushing the gold demand, with the recent rupee appreciation, higher global inflation and escalating geo political tensions.

BSE also has extended trading hours for gold exchange-traded funds (ETFs) and sovereign gold bonds till 7 pm on Friday. Occasions like Diwali, Dhanteras and Akshaya Tritiya are considered auspicious to buy valuables like gold in India. 

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