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 Fed's Goolsbee Says Central Bank Will 'Fix' the Economy READ MORE Gold and Silver Reach Two-Week High READ MORE Summer Oil Spike Looms, Morgan Stanley Strategist Alerts READ MORE Federal Reserve Balances Rate Decisions Now That Inflation Has Slowed READ MORE Jamie Dimon Warns of Imminent Economic Cliff Due to U.S. Debt READ MORE Add a Comment Cancel replyYour email address will not be published.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