Gold prices slips on Akshaya Tritiya

Silver nose-dived by Rs. 6,000 to Rs. 53,200 per kg and gold plummeted by Rs. 225 to Rs.22,120 per 10 grams.

Gold prices has been declined despite heavy buying on Akshaya Tritiya. Gold plummeted by Rs. 225 to Rs. 22,120 per 10 grams, while Silver nose-dived by Rs. 6,000 toRs. 53,200 per kg. Akshaya Tritiya, also known as Akha Teej is a Hindu and Jain[citation needed] holy day, that falls on the third Tithi (Lunar day) of Bright Half (Shukla Paksha) of the pan-Indian month of Vaishakha. The word "Akshaya" means the never diminishing in Sanskrit and the day is believed to bring good luck and success. There are reports that gold buying festival ‘Akshaya Trithiya’ is expected to boost growth in gold sales in the country by at least 15%..