Gold jewellery demand ‘to increase for Hindi festival’

Gold jewellery demand in India is expected to pick up this month ahead of the Akshaya Tritya Hindu festival, an expert has forecast.

Sandeep Kulhalli, Tanishq vice-president of retail and marketing, told DNA India that gold sales are expected to increase before the event on April 27th 2009.

Meanwhile, Rajiv Popley, director of the Popley Group, has stated that it plans to promote its Swiss gold bars during Akshaya Tritiya this year.

The bars have a purity of 99.99 per cent and start from one gram each with a certificate and tamperproof packaging.

In related news, India will start to import gold again this month following a two-month freeze, with many people expected to purchase gold to mark Akshaya Trithya, according to the Bombay Bullion Association.

The organisation predicts that between 25 and 30 metric tonnes of the precious metal will be imported during April 2009 as a result of recent dips in gold prices.
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