Akshaya Tritiya Sparks Festive Spending Surge in Nagpur Nagpur: The auspicious occasion of Akshaya Tritiya is set to drive a significant surge in festive spending across the city, with traders anticipating heightened demand for gold, silver, vehicles, electronics, and ritual items. The day, observed as one of the “3.5 muhurtas” in the Hindu calendar, is considered highly propitious for initiating new ventures, making investments, and undertaking charitable acts. Residents are expected to leverage the occasion to mark new beginnings, with families traditionally purchasing gold, silver, and puja essentials to invite prosperity and blessings. The cultural and emotional significance of Akshaya Tritiya continues to fuel consumer sentiment, despite a sharp rise in gold prices. Jewellers in Nagpur remain optimistic, with gold priced at 1.54 lakh rupees per 10 grams and silver at 2.60 lakh rupees per kilogram, excluding GST. Rajesh Rokade, president of the All India Gems and Jewellery Domestic Council, noted that while gold prices have surged from around 92,000 rupees per 10 grams last year to over 1.5 lakh this year, buying interest remains robust. He predicted that demand could surpass last year’s levels, driven by the belief that purchases made on this day bring enduring wealth and spiritual merit. Beyond gold and silver, traders expect strong activity in sectors such as automobiles, electronics, and home appliances. The day is also seen as an ideal time for launching businesses, purchasing property, and investing in long-term assets. Local merchants have reported increased foot traffic in markets and showrooms, with customers using the occasion to celebrate and invest simultaneously.#nagpur #gold #akshaya_tritiya #rajesh_rokade #all_india_gems_and_jewellery_domestic_council
