Mumbai, April 16: Akshay Tritiya, which is considered as an auspicious day to buy gold in the country, will see the yellow metal at its costliest, as it surpasses Rs 32,000 per 10 grams.  However, there are reports that say that in spite of the surge in price, jewellers are still expecting 15-20 per cent increase in sales this Akshaya Tritiya, mainly on the back of positive market sentiment, stable prices and ongoing wedding season.

According to reports, gold was quoted at Rs 32,300 per 10 grams on Saturday in Ahmedabad. Reportedly, price is expected to remain firm amid escalating tension between Syria and the US. This is the highest price level ever recorded in the runup to Akshaya Tritiya in recent history as gold prices have never crossed the Rs 30,000 per 10 grams mark on this particular day in the past. Last year on Akshay Tritiya,  gold price reached a high of Rs 29,860 per 10 grams.

As per reports, the market has started picking up after the Nirav Modi scam. Overall there is a positive mood in the country and sellers expect that there will be an increase in demand. The bookings for the wedding jewelleries look good too.

(The above story first appeared on LatestLY on Apr 16, 2018 12:52 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).