Diamond Company Gitanjali Group is aiming to sell 400 kilograms of gold coins during Akshaya Tritiya, an auspicious day for buying precious metals.

Gitanjali Group is a leading manufacturer of diamond jewelry, and is known for its Gili and Nakshatra ornament brands.

Gianjali Group plans to make the most of the auspicious festival when sales of coins in the country are expected to grow by 40 percent.

Speaking to PTI, Mehul Choksi, Chairman of Gitanjali Group said that his company was planning to sell 300 to 400 kilograms of gold coins during Akshaya Tritiya, as demand has always been very high during this festival.

Website: http://www.gitanjaligifts.in

Popularity: 23% [?]

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SBI Mutual Funds(http://www.sbimf.com/), the joint venture between the State Bank of India, country’s largest bank and SGAM (Société Générale Asset Management, France) will be celebrating the Akshaya Tritiya week across select branches across the country from April 22, 2009 to April 28, 2009.

Mr Srinivas Jain, Chief Marketing Officer, SBI Mutual Fund said, “We are observing a discerning trend in preference for Gold ETF(Gold Exchange Traded Scheme ) as an alternate investment avenue on the eve of Akshay Tritiya. We have received queries from our investors and distributors on it being an auspicious occasion to invest in Gold ETFs,”.

The week-long celebration is thus aimed at creating awareness about the Gold Exchange Traded Scheme as an investment option amongst the investing class.

Speaking about the initiative, Mr. Achal Kumar Gupta, MD & CEO, SBI Mutual Fund, said,” On behalf of SBI Mutual Fund, I would like to wish everyone a very Happy Akshaya Tritiya. On this auspicious occasion we are celebrating the Akshaya Triitiya week across select branches, so that our customers can avail of this alternative avenue of investing in gold. Gold ETF is the most efficient way of owning Gold as it acts as an important hedge in the portfolio. Since buying gold has great significance on this day, we hope our investors will make use of this opportunity.”

SBI Gold Exchange Traded Scheme (SBI GETS), is a passively managed open ended mutual fund, which would invest in Gold and endeavor to track the price of Gold. The investment objective of the scheme is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold. The launch of SBI GETS is significant as the offering comes from a premier fund house as SBI MF, which enjoys strong support and parentage of State Bank of India, the leader in banking and financial services industry in India.

SBI Gold Exchange Traded Scheme (SBI GETS) will offer you an innovative, cost-efficient and secure way to invest in Gold. Buying a single unit of SBI GETS would be equivalent to buying approximately one gram of physical Gold.

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Akshaya Tritiya is one of the four most auspicious dates of the Vedic calendar. Starting a new venture or buying something precious on this day is supposed to bring success and good luck. Buying gold on this holy day is believed to bring enduring good fortune.

ICICI Bank Akshaya Tritiya 2009 ‘Gold pe Gold’ Offer

On every purchase of ICICI Bank Pure Gold Coin in net quantity of 50 gram, get one ICICI Bank Pure Gold Coin in net quantity of 1 gram at MRP Re. 1.01(inclusive of all taxes).

On every purchase of ICICI Bank Pure Gold Coin in net quantity of 20 gram, get one ICICI Bank Pure Gold Coin in net quantity of 0.5 gram at MRP Re. 1.01(inclusive of all taxes).

Limited period offer, valid from April 15, 2009 to May 15, 2009 or till stocks last.

For More Details about this ICICI Bank Akshaya Tritiya Offer Visit any ICICI Branch

Website: http://www.icicibank.com/pfsuser/webnews/at_gold/akshaya_tritiya_gold_lp.html

Popularity: 25% [?]

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The gold buying is expected to surge substantially in India during the Akshaya Tritiya 2009, an auspicious day for buying precious metals like gold, silver and platinum despite the higher prices that are forecasted for the yellow metal in the coming months as per the World Gold Council (WGC) .

“We are confident that on Akshaya Tritiya, consumers will make significant gold purchases as gold is an irreplaceable part of Indian culture and a unique monetary asset,” said World Gold Council (WGC), Indian Subcontinent, Managing Director Ajay Mitra.

Indian consumers could see further rise around 24 per cent in gold prices depending on the rupee-dollar movements in the coming months.

Akshaya Tritiya 2009, which falls on April 27, is considered as an auspicious day for buying precious metals like gold, silver and platinum ornaments and bars.

With Akshaya Tritiya 2009, the positive trend further encourage investors to make more gold purchase.

Popularity: 19% [?]

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