No marriage mahurat at Akshay Tritiya, gold sentiment dismal

MUMBAI: In a departure from the norm, the normal marriage mahurat is absent at Akshay Tritiya which falls Wednesday. Overall purchasing sentiment is also gloomy owing to various pressures available on the market, the most recent being the scare over non-availability of money at ATMs.
Gold bookings are negligible as charges have soared beyond Rs 32,000 according to 10 gm which is steep.

Few marriages are scheduled Wednesday. "For the first time in the 16-year history of my hall, no weddings are scheduled at Akshay Tritiya," stated Kiran Dighe of Indraprastha Hall, Mulund.

Hindu priest Pandit Prakashji of Bail Bazar, Kurla, explained the rationale. He stated, "It is incorrect to assume that all marriages can be performed at Akshay Tritiya without checking the gun-dosh (virtues and demerits) of the day. There are ten elements that must be ascertained every day. This year there is a particular dosh on April 18 that renders it unsuitable for weddings."

However, sure families that apply the blanket rule will pass forward. Maher Hall in Dadar is webhosting two ceremonies by the Nerurkar and Satam households Wednesday. One of the grooms, an avid fan of Sachin Tendulkar, stated he chose the day for its auspicious quotient.

Gold sales are taking a look dismal. Vikram Vakadkar who owns Vikram Jewellers in Dadar stated, "Rates have risen over Rs 32,000 for 23 carat jewellery so we are not hopeful of buoyant sales. Clients who buy 10 gm on average may settle for 5 gm. International gold prices spiralled in the last two or three days particularly owing to the US-UK's attack on Syria. Gold rates are sensitive to global developments, and this time too, the effect is visible."

In Shimpoli, Borivli, Nikhil Jain of Aabhushan Jewellers stated, "Although we cannot say if customers will come on festival day, the prospects do not seem positive. We have not received bookings or inquiries. Gone are the days when customers would select ornaments in advance and take delivery on mahurat day."

Another goldsmith Bhavin Jakhia of Om Jewellers close by used to be banking on spontaneous festive sentiment to see him through the downturn. He stated, "High value items may not do well but low cost ornaments might."

Indeed Suresh Jain of Mahalaxmi Gold in Ramabai Nagar, Ghatkopar, stated, "Small shops like us get by as we sell low value items. Big jewellers may witness a palpable shortfall."
No marriage mahurat at Akshay Tritiya, gold sentiment dismal No marriage mahurat at Akshay Tritiya, gold sentiment dismal Reviewed by kailash soni on April 17, 2018 Rating: 5
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