Benchmark gold futures
in India have tumbled about 17% from a record in August last year, boosting demand during the wedding season and ahead of Akshaya Tritiya next month, the second-most auspicious day to buy gold in the Hindu calendar.
Still, a resurgence in virus cases and restrictions on movement and business activity in some states is worrying jewelers as it could threaten the revival in sales. In Maharashtra, which houses the biggest bullion market in the country, non-essential businesses have been asked to stay shuttered for the rest of April as infections soar.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.