Orders worth Rs 600 cr booked on the occasion of Akshaya Tritiya: CAIT

New Delhi, Apr 27 (KNN) Confederation of All India Traders (CAIT) has said that orders worth Rs 600 crore were booked on the occasion of Akshaya Tritiya.

“Jewellers across the country booked deals for sale of gold jewellery to their customers via phone and WhatsApp, and 20 per cent of the purchase amount of jewellery was taken as advance for booking of jewellery and coins," CAIT said in a statement.

The booking was done on the basis of today's gold price, the delivery of which will be made after the lock down is lifted, CAIT said.

“Today, on the day of Akshaya Tritiya, the trade of gold which has been done traditionally in bumper sales saw a lukewarm response today due to national lock down across the country as gold and jewellery shops are closed all over the country but keeping the spirit of Akshya Tritiya alive the Jewellery Traders booked orders over telephone and digital platforms," CAIT said in a statement.

Akshaya Tritiya has been celebrated as a festival of good fortune and prosperity In India since centuries as a big festival and it is believed that on this day the purchase of gold or gold items always maintains happiness in the house and this is the reason that Akshaya Tritiya like Dhanteras is considered auspicious for buying gold in India.