High Prices Dampen Gold Demand at India's Akshaya Tritiya Festival Demand for gold during the Akshaya Tritiya festival in India, a major gold-buying event, was notably lower this year as soaring prices led to reduced retail interest. Despite dealers offering significant discounts, the high costs deterred many buyers, leading them to limit their purchases to small denomination coins. Jewelry sales were particularly weak, with one Mumbai jeweller reporting only about two-thirds of the sales compared to the previous year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Jackson Hole Symposium: Powell's Speech to Signal Fed's Rate Cut Strategy READ MORE Inflation Debate Heats Up: Biden Targets Trump's Economic Plans READ MORE Behind the Number: Unpacking the Fed's 2% Inflation Target READ MORE BRICS Expansion and De-Dollarization Efforts Challenge US and EU Economic Dominance READ MORE Fed Leaves Rates Steady, Projects Fewer Cuts in 2024 Amid Slower Inflation READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment