#gold rate on akshay tritiya

[weelectronicstudentreviewstuff]

Gold demand on Akshay Tritiya likely to plunge 95 per cent due to Covid lockdown Image Source : FILE Gold demand on Akshay Tritiya likely to plunge 95 per cent (Representative image)

[maxsell-technologies]

How can jewelers improve their operational efficiency in 2021?

The glittering business of jewelry, which was expected to flourish and grow at an exponential rate in year 2020-21, is running at a very slow pace despite the wedding season ahead. The stores are experiencing less to no footfall due to the lockdown in several areas.

According to a few news reports it is being said that jewelry business did experience a setback, but despite that it is never going to have major losses because if you consider gold in India, it is an investment option as well as owned as jewels to be adorned by Indian men and women.

We need to focus on improving the efficiency and revolutionizing the Indian jewelry sector to meet the needs and wants of customers in 2021, who are always looking for options and new ways to be catered with.

Here are a few suggestions to keep in mind while you make changes in your procedures:

Store reopening- As and when the Government mandates are easing in states now, jewellery retailers are re-opening stores offering the best of safety standards and comfortable shopping experience for our customers. There is a plethora of measures that are put in place to secure the well-being of customers and employees and the workforce has been specially trained to maintain the rules of social distancing and follow strict safety norms and guidelines.

E-commerce- Different brands and players in the market- Divine Solitaire, Caratlane.com, Bluestone and many such companies have been successful in establishing the jewelry businesses online. Taking your business online helps you cater a larger audience and help you improve on the efficiency.

Digitization- As per a report by Ibef.com majority of players in the Indian jewelry market like Joyalukkas, Malabar Gold, Kalyan jewelers have started selling their jewelry online on Akshay Tritiya, In April 2020. It is quite evident that the Indian jewelers have taken their first step towards digitization. The pandemic has affected the business so much that the jewelers have incurred huge losses, going the digital way is the efficient way today.

Online Transactions- If the jewelers cannot shift their businesses online, least they can do is provide flexible payment options to their suppliers and customers through NEFT, UPI, Mobile wallets etc.

VR/AR – VR/AR is the new feature that has Indian jewelry market is going to bring In and Companies like PNG Jewellers, Popley and Sons, and PC Jewellers are planning to bring Virtual Reality experience for their customers. This technology will help customers to have an in-store purchase experience from the comfort of their homes. They will have to wear A VR headset, they can select any jewellery, see its details, and design and make the decisions.

Omni-Chanel - Omni-channel is not just about complementing offline stores with online web stores. It is about giving a hybrid experience to the customer. A successful omni-channel model can bring superior customer experience as well as greater operational efficiency to retail Jewellers. Thus, improving both topline and bottom-line for the jeweller.

Sales Analytics- If you want to efficient in your operations and on the same time be concrete about your sales, analytics is the option that can help you do this, slowly integrating everything with the help of analytics can help you derive various reports of expense and income based on stores and products. With this system you can analyze sales and expense based on product type, location, season, or behaviors etc. Maxsells’ MXGT Karat Pro Compact Gold Tester has simple software interface, that makes it easy to understand the details of Gold composition.

Inventory Optimization- Jewelers need to maintain right inventory of different jewelleries and accessories. Out-of-stock or overstock is a problem for business. Any delay or in ordering or negligence of the required items in the stock can result in losses. Focusing on real-time status of the inventory in the store and having information of stock levels can give an edge to the retailers as, if the stock in one store is not moving forward, it can be transferred to other stores for better sales. The optimization can be done with the help of analytics and data about trends and demand and supply scenarios.

3D Printing – It is one of the most valuable integrations in the digital jewelry business. These have created a wide range of benefits for the jewellery makers. They can make design that are detailed, can be altered easily, and production is faster. This technology has allowed the manufacturer to create beautiful and intrinsic designs. With 3D printing play a major role in the jewellery design process which creates an inclusive experience that is highly personalized and satisfactory.

Website- Maintenance and optimization of website has been essential to sustain in the digital world, which brings in new customers for you and helps you place your business in a better manner.

Testing and soldering machines- Why do we need a Gold Testing machine? Here are a few points that can answer the question.

Increases Profitability, as customer trusts you and is less likely to bargain

Increase in Footfall of new customers, as today more and more customers look for Assurance in Gold quality.s

Exchange of old gold is easier and risk-free; it favors both jewelers and customers

Assures your customers that Quality is your topmost priority, and you are Technology Driven.

Helps Your Salespeople in Selling better and Closing Sales efficiently

Also, the jewelers are rest assured about the quality from their suppliers, which reduces any further procedure for jewelers to check the purity.

For jewelers, providing loans on jewellery becomes easier, as they can check the quality of jewellery and decide the amount accordingly.

Maxsell’s Karat Meter MXGT Karat Pro Compact Gold Tester for Jewelry Shops has undeniable advantages which help us improving efficiency for the jewelers and their customers at a greater level.

Laser welding and soldering machines- Installing a machine for subtle design changes can help you save manpower for smaller tasks and will eventually reduce your operational cost. or Soldering Machines can help in quick fixing of broken or repaired jewellery in almost no time with simple pedal operation with simple control panel helps you weld even smallest jewelry easily. So, following these suggestions would not only improve your business operational efficiency but will also help you get stability in your business through the pandemic.

visit us for more amazing blogs: https://maxsell.co.in/

[swastikainvestmartindia]

Know Why is the Price of Gold Rising Amid Inflation and Second Wave of Pandemic in India

Gold, a precious metal, has been an integral part of ancient India. For years, Gold has been considered a symbol of wealth, status and an important part of many Indian rituals. Thanks to the metal’s affluence and its usage, gold has shown a great shielding effect against the uncertain market condition i.e pandemic.

As the 2021 quarter comes to an end, gold hasn’t made a great hit. The precious metal has tumbled 19% from its last August and is back where it was in February last year before the pandemic hit the developed world.

However, as the quarter-end and the pandemic began, the price of gold has subsequently increased. Gold’s price has suddenly increased and it touched an over a three-month peak on Tuesday as the investors have shown a great interest in the yellow metal. Another important cause behind the sudden rise of gold prices is the second wave of the pandemic, rising inflation, and a weekend US dollar that marks investors to make Gold a hedge option.

Also, recently, it has been seen that the gold prices are rising with a decent amount and due to the occasion of Akshay Tritiya, the prices are further increased.

The second wave of pandemic gold prices had faced a slight drop but post-Akshay Tritiya occasion, it is again in the spotlight. That means, the prices have recovered and experts say that it will cross the mark of 50000 in July 2021.

Even though businesses are suffering and the economy is struggling to come to its normal pace, many people are perplexed as to why the gold prices are rising during the weak condition of the economy.

Below are the factors that influence gold prices to a greater extent:

A lot of things has been said about the factors that influence financial markets, many investors are unaware of the rising prices of gold:

Demand and Supply

The demand and supply of gold play a crucial role in rising gold’s price. The inadequate availability of gold increases the demand for gold and hence the prices rise as well as the supply is limited.

Rate of Interest

Gold prices and interest rates are inversely proportional to each other. As interest rates decline, people don’t get good returns. Hence, people are required to split their deposits and buy gold which in turn increases the demand and the price.

Reserves Held by the Government

RBI plays an important role in affecting gold prices. Indian’s government maintains gold reserves. By doing this, the Indian government can buy and sell gold through the Reserve bank of India. If they purchase or sell more gold, the prices would affect the gold.

The market for Indian Jewellery

Many people buy gold jewellery in India and hence the gold price rises during festivals and wedding seasons.

Import Taxes

India’s contribution to global output is observed as less than 1%. Although the country is the second-largest consumer of gold, to meet its metal demand, India also imports a lot of gold from other countries.

Market For Indian Jewellery

The demand for gold rises during the festive and wedding seasons in India as many people wear gold jewellery on occasions. Such things increase the demand for gold which will eventually rise in its prices.

Why are gold prices rising? Key things to know:

The sudden rise in gold prices makes many investors worried. They fail to recognize the real reasons for rising gold prices. Why are gold prices rising? At what time does the gold price rise? Can they invest in gold now or they have to wait for some months?

Investors now, seeking the safest instrument to invest:

Since March 2020, many countries have adopted nationwide lockdown to prevent the spread of Covid 19 infections. It has helped several countries to minimize the spread of coronavirus among people, however, it also caused a lot of economic damage as all the production was closed and imports and exports were cancelled.

To get rid of the tough times of pandemic, people are finding gold as the safest instrument to invest.

Understanding the relation between lockdown and gold price:

When the lockdown had ended in June 2020, many people would think that the businesses would grow faster and the economy would soon recover. Hence, a large number of investors had started investing in high-quality stocks. However, as the myths of economic recovery have faded, people have started to invest in safer options.

As a result, gold prices are rising day by day as the people see it as a natural shield or safeguard against inflation and economic instability.

Should You Invest in Gold Now?

Although increasing demand for gold prices indicates strong demand for gold jewellery, experts believe that the gold prices will reach up to 65000 per 10 gram in the upcoming years. The reason behind the rising demand for gold depends on a lot of factors such as low interest rates, liquidity and availability.

Is it a good time to invest in gold? Well, the answer heavily depends on how you see the market. If you think that the economy will take a long time to recover and the interest rates will remain low for a long duration; investing in gold is considered a good option.

However, if you think the economy will soon recover and the industries will receive a heavy boom, then you need to look for other investment options i.e stocks.

The Bottom Line

As the gold prices are rising day by day, it catches the investors attention. As a result, many investors have started to invest in gold considering it as the safest instrument.

However, it is also crucial to think of all the other investment options before making any decision. Hence, before jumping on board, please make sure that your investments flow parallelly with your portfolio, investment strategy and risk tolerance.

Therefore, it would be ideal to have a clear understanding of all the situations before investing.

Want to know more about more stock market updates? Go for Swastika Investmart. Open a Demat account with Swastika and enjoy hassle-free stock trading services.

[maxsellcurrencymachines]

How can jewelers improve their operational efficiency in 2021?

The glittering business of jewelry, which was expected to flourish and grow at an exponential rate in year 2020-21, is running at a very slow pace despite the wedding season ahead. The stores are experiencing less to no footfall due to the lockdown in several areas.

According to a few news reports it is being said that jewelry business did experience a setback, but despite that it is never going to have major losses because if you consider gold in India, it is an investment option as well as owned as jewels to be adorned by Indian men and women.

We need to focus on improving the efficiency and revolutionizing the Indian jewelry sector to meet the needs and wants of customers in 2021, who are always looking for options and new ways to be catered with.

Here are a few suggestions to keep in mind while you make changes in your procedures:

Store reopening- As and when the Government mandates are easing in states now, jewellery retailers are re-opening stores offering the best of safety standards and comfortable shopping experience for our customers. There is a plethora of measures that are put in place to secure the well-being of customers and employees and the workforce has been specially trained to maintain the rules of social distancing and follow strict safety norms and guidelines.

E-commerce- Different brands and players in the market- Divine Solitaire, Caratlane.com, Bluestone and many such companies have been successful in establishing the jewelry businesses online. Taking your business online helps you cater a larger audience and help you improve on the efficiency.

Digitization- As per a report by Ibef.com majority of players in the Indian jewelry market like Joyalukkas, Malabar Gold, Kalyan jewelers have started selling their jewelry online on Akshay Tritiya, In April 2020. It is quite evident that the Indian jewelers have taken their first step towards digitization. The pandemic has affected the business so much that the jewelers have incurred huge losses, going the digital way is the efficient way today.

Online Transactions- If the jewelers cannot shift their businesses online, least they can do is provide flexible payment options to their suppliers and customers through NEFT, UPI, Mobile wallets etc.

VR/AR – VR/AR is the new feature that has Indian jewelry market is going to bring In and Companies like PNG Jewellers, Popley and Sons, and PC Jewellers are planning to bring Virtual Reality experience for their customers. This technology will help customers to have an in-store purchase experience from the comfort of their homes. They will have to wear A VR headset, they can select any jewellery, see its details, and design and make the decisions.

Omni-Chanel - Omni-channel is not just about complementing offline stores with online web stores. It is about giving a hybrid experience to the customer. A successful omni-channel model can bring superior customer experience as well as greater operational efficiency to retail Jewellers. Thus, improving both topline and bottom-line for the jeweller.

Sales Analytics- If you want to efficient in your operations and on the same time be concrete about your sales, analytics is the option that can help you do this, slowly integrating everything with the help of analytics can help you derive various reports of expense and income based on stores and products. With this system you can analyze sales and expense based on product type, location, season, or behaviors etc. Maxsells’ MXGT Karat Pro Compact Gold Tester has simple software interface, that makes it easy to understand the details of Gold composition.

  Inventory Optimization- Jewelers need to maintain right inventory of different jewelleries and accessories. Out-of-stock or overstock is a problem for business. Any delay or in ordering or negligence of the required items in the stock can result in losses.  Focusing on real-time status of the inventory in the store and having information of stock levels can give an edge to the retailers as, if the stock in one store is not moving forward, it can be transferred to other stores for better sales. The optimization can be done with the help of analytics and data about trends and demand and supply scenarios.

3D Printing – It is one of the most valuable integrations in the digital jewelry business. These have created a wide range of benefits for the jewellery makers. They can make design that are detailed, can be altered easily, and production is faster. This technology has allowed the manufacturer to create beautiful and intrinsic designs. With 3D printing play a major role in the jewellery design process which creates an inclusive experience that is highly personalized and satisfactory.

Website- Maintenance and optimization of website has been essential to sustain in the digital world, which brings in new customers for you and helps you place your business in a better manner.

Testing and soldering machines- Why do we need a Gold Testing machine? Here are a few points that can answer the question.

·         Increases Profitability, as customer trusts you and is less likely to bargain.

·         Increase in Footfall of new customers, as today more and more customers look for Assurance in Gold quality.

·         Exchange of old gold is easier and risk-free; it favors both jewelers and customers

·         Assures your customers that Quality is your topmost priority, and you are Technology Driven.

·         Helps Your Salespeople in Selling better and Closing Sales efficiently.

·         Also, the jewelers are rest assured about the quality from their suppliers, which reduces any further procedure for jewelers to check the purity.

·         For jewelers, providing loans on jewellery becomes easier, as they can check the quality of jewellery and decide the amount accordingly.

 Maxsell’s Karat Meter MXGT Karat Pro Compact Gold Tester for Jewelry Shops has undeniable advantages which help us improving efficiency for the jewelers and their customers at a greater level.

  Laser welding and soldering machines- Installing a machine for subtle design changes can help you save manpower for smaller tasks and will eventually reduce your operational cost. or Soldering Machines can help in quick fixing of broken or repaired jewellery in almost no time with simple pedal operation with simple control panel helps you weld even smallest jewelry easily.

So, following these suggestions would not only improve your business operational efficiency but will also help you get stability in your business through the pandemic.

[popularnews]

Akshay Tritiya Gold Rate Gold Carat Digital Gold Buying Traders Grapple With Coronavirus Lockdown-Hit Akshay Tritiya

[salam2050]

Akshay Tritiya Gold Rate Gold Carat Digital Gold Buying Traders Grapple With Coronavirus Lockdown-Hit Akshay Tritiya Akshay Tritiya: Gold futures held near a record high of Rs 47,327 on Friday Retail demand for gold suffered on the occasion of Akshay Tritiya on Sunday, as jewellery shops remained shut due to coronavirus lockdown.

[krishnapearlsonline]

Lustrous Multi layered pearls Naksi Work necklace with the Rubies,pearls,CZ's enhance the feminine traditional day's. Akshay Tritiya is just around the corner and we realise the concerns you must be facing! Don’t worry, we will make sure you are showered with the blessings of gold! Book gold coin, jewellery now & get special advantage - avail the lower rate on the day of delivery, be it the booking or the current rate. The gold coins price will be fixed. Stones & making charges has to be paid separately. Payments details: Account name: Krishna jewellers pearls and gems A/C No.: 50200033476041 HDFC Bank, Jubilee Hills Checkpost Branch, Hyderabad IFSC Code: HDFC0003937 Offer valid till April 28, 2020 For more information contact : 7989016738 FOLLOW @krishnajewellerspearlsandgems @krishnapearlsjubileehills Shop Now @ www.krishnapearls.com #krishnapearls #akshaytritiya #goldcoins #festival #offer #bookgoldcoin #bookjewellery #onlinejewellery #onlinesales #shoponline #goldcoin #jewellery #bookingsavailable #onlineshopping #gold #goldjewellery #diamondjewellery #polkijewellery #kundanjewellery #pearljewellery #uncutdiamondjewellery #templejewellery #antiquejewellery #traditionaljewellery #bridaljewellery #southindianjewellery (at Krishna Pearls) https://www.instagram.com/p/B_aLlvnFT53/?igshid=s93ezvqoynjo

[pawanbeniwal-blog]

Happy *Akshay Tritiya* Dear,

As per analysts Gold will be 82000 till 2021 (Economic Times Report)

Be the first one to book the Never before discount on Gold rates by any jeweller. (Offer only for first 50 responses)

Let your money makes money by investing in our exclusive diamond jewellery. (with 100% buyback)

click here to book on whatsapp at - https://wa.link/hcpebc

or Call now at *9811694133 (Sumit)* or *9521680000 (Amit)*

*Delhi Diamonds 💎*

[sphynxtee]

All I Need Today Is A Little Bit Of Athletics And A Whole Lot Of Jesus Shirt

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The return policy: Customers are advised to read the return policy thoroughly before shopping for products and services online All I Need Today Is A Little Bit Of Athletics And A Whole Lot Of Jesus Shirt. With new interesting products constantly being released and a good mixture of sales and promotions it is easy to build a wardrobe with Alice and Olivia. Gold is a traditional and highly valued ornament and indian women prefer to buy gold chains especially on auspicious occasions like Diwali and akshay tritiya . Gold chains are preferred by both men and women. A plain gold chain is simple but it is definitely a valuable asset. After all, a gold chain is an expensive piece of jewellery. There are different styles of gold chains available. Gold chains are also a great choice of gift for your loved ones. The cloud-based e-commerce platforms offer a turnkey solution that is ready to use and are much easier to access. This equipment is often hard to move for the sellers because a lot of people usually are not on the hunt for such health club quality equipment, this gives you even more leverage when it comes to negotiating the best price. Scott Leger is a Counselor, so this is to share our thoughts when it comes to life, love and books etc. I loves travel, science fiction, classic books.

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Jewellers witness encouraging response from customers on their digital platforms for Akshaya Tritiya

New Post has been published on https://apzweb.com/jewellers-witness-encouraging-response-from-customers-on-their-digital-platforms-for-akshaya-tritiya/

Jewellers witness encouraging response from customers on their digital platforms for Akshaya Tritiya

Jewellers have witnessed encouraging customer response on their digital platforms this Akshay Tritiya. Customers have also made token purchases of gold to celebrate this auspicious day on Hindu calendar.

Mr. Ajoy Chawla, CEO, Jewellery Division at Titan Company Limited said, “All 328 Tanishq stores remain shut this year and hence it would be unfair to compare numbers with last year. But the overall customer response to tanishq.co.in from key metros and even with tier-2 and tier-3 towns has been extremely encouraging.

We have had close to 1+ million visitors / browsers on our website indicating a lot of customer interest! further, this ticket size online has jumped 2.5 to 3 times the usual online avg. ticket size, implying many new customers have come online. As we gear up for a post covid world, this e- Akshaya Tritiya has been an opportunity to develop and strengthen our digital and omni play. Many initiatives we have taken will serve us well as customers get used to new digital driven behaviour. Both, tradition and the investment value of gold continue to be key drivers for an optimistic response, and we believe this theme will continue for the next 6-9 months this year. Thereby making jewellery a valuable investment amidst so much economic uncertainty.”

Suvankar Sen, executive director, Senco Gold & Diamonds said “Our Akshay Tritiya offer with price protection guarantee is an innovative way to serve our customers who are under lockdown but at the same time do not want to miss out on purchasing gold or jewellery for the auspicious occasion. Our discerning customers are not only getting a chance to avail of substantial discounts on gold rates and waivers on making charges but also getting an opportunity to contribute to the COVID-19 relief fund through their purchases. So far, during the Akshay Tritya online sales offer that runs from April 22-27, we have witnessed 10-15% sales compared to that of last year’s total Akshay Tritiya sales. As all our offline stores are closed now due to lockdown, we are experiencing customers’ preference for buying bars, coins and making token advance through our e-commerce section at www.sencogoldanddiamonds.com.”

Vaibhav Saraf, director, Aisshpra Gems & Jewels added that due to the lockdown, they were not expecting big ticket jewellery sales but for their regular customers’ convenience, they kept the gold booking option open. “Customers have done token purchases and have also shown keen interest in gold EMIs. Gold coins of 2 grams, 5 grams and 10 grams were popular. Jewellery too was seen getting booked. The delivery or pickup from store will happen once lockdown is lifted,” he added.

Snehal Choksey, director, Shobha Shringar Jewellers said “Well our regular customers reached out to us for booking gold so we have done their bookings on call and online. As stores are shut and over all sentiment is gloomy,We are not counting this Akshay Tritiya as a contributor to our annual sales target.The sales we did was minuscule compared to every year and it just to cater to our customers’ needs as on Akshay Tritiya, buying gold has sentimental and auspicious value to most Indians.”

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[weelectronicstudentreviewstuff]

Akshay Tritiya Gold Rate Gold Carat Digital Gold Buying Traders Grapple With Coronavirus Lockdown-Hit Akshay Tritiya Akshay Tritiya: Gold futures held near a record high of Rs 47,327 on Friday India's bullion market is unlikely to witness the gold buying fervour on the occasion of Akshay Tritiya on Sunday due to the nationwide lockdown amid the coronavirus pandemic.

[popularnews]

Akshay Tritiya Gold Rate Gold Carat Digital Gold Buying Traders Grapple With Coronavirus Lockdown-Hit Akshay Tritiya