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Gold: Covid shadow reduces gold's glitter to a glow this Akshaya Tritiya, too

Synopsis
Demand was minuscule last year, when the country was in a lockdown on Akshaya Tritiya in late April. But consumer sentiment wasn’t this bad, as there were very few Covid cases at the time, and many had booked gold over the phone or purchased it online. Whatever little bit of business is happening now, it is mainly through online platforms, jewellers said.
Digital gold, which is bought through payment apps like Paytm is showing some traction with purchases in the Rs 3,000–4,000 range.
Demand for gold has crashed by 75-80% this Akshaya Tritiya on Friday compared with the festival in the pre-Covid-19 period two years ago, hurt by sentiment dampened by the pandemic and restrictions on trade and movement of people in several states. ....

Ishu Datwani , Ramesh Kalyanaraman , Surendra Mehta , Akshaya Tritiya , Suvankar Sen , Ketan Kothari , India Bullion Jewellers Association , India Bullion , Kerala Based Kalyan Jewellers , Kalyan Jewellers Gold Ownership Certificate , Mumbai Based Anmol Jewellers , Kalyan Jewellers , Co Vid , ரமேஷ் கல்யாணராமன் , சூரென்ற மேத்தா , சுவங்கர் சென் , கேதன் கோத்தாரி , இந்தியா பொன் நகைக்கடைக்காரர்கள் சங்கம் , இந்தியா பொன் , கேரள அடிப்படையிலானது கல்யாண் நகைக்கடைக்காரர்கள் , மும்பை அடிப்படையிலானது அன்மோல் நகைக்கடைக்காரர்கள் , கல்யாண் நகைக்கடைக்காரர்கள் , இணை வித் ,

Akshaya Tritiya: Covid restrictions dampen gold sales, demand crashes by 75-80% on Akshaya Tritiya

Kolkata: Demand for gold has crashed by 75-80% this Akshaya Tritiya on Friday compared with the festival in the pre-Covid-19 period two years ago, hurt by sentiment dampened by the pandemic and restrictions on trade and movement of people in several states.
Demand was minuscule last year, when the country was in a lockdown on Akshaya Tritiya in late April. But consumer sentiment wasn’t this bad, as there were very few Covid cases at the time, and many had booked gold over the phone or purchased it online.
Whatever little bit of business is happening now, it is through online platforms, jewellers said. ....

West Bengal , Ishu Datwani , Surendra Mehta , Akshaya Tritiya , Rohan Sharma , Suvankar Sen , Ketan Kothari , Pawan Gupta , Ramesh Kalyanaraman , Akshay Tritiya , India Bullion Jewellers Association , India Bullion , Kerala Based Kalyan Jewellers , Kalyan Jewellers Gold Ownership Certificate , Mumbai Based Anmol Jewellers , Kalyan Jewellers , Gold Demand , India Bullion Amp Jewellers Association , Senco Gold Amp Diamonds , Gold Sales , Online Gold Shopping , மேற்கு பெங்கல் , சூரென்ற மேத்தா , ரோஹன் ஷர்மா , சுவங்கர் சென் , கேதன் கோத்தாரி ,