Oman: Gold Retains its Sheen, Stores Expect Brisk Sales this Akshaya Tritiya

Gold stores across the city have been luring customers with a range of offers. Contrary to speculations about fall in gold sales this year, stores in Ruwi High Street and various malls were thronged on Monday evening.

Najeeb K, regional head of Malabar Gold & Diamonds, said, ‘We are all set and ready for one of the biggest festivals of India. Despite the current economic slowdown people are still purchasing gold. Buying gold is a sort of investment and it will go on and on.’He added their stores across the country are ready with exciting offers. ‘Though Ramadan starts tomorrow (Tuesday) we have enough staff to take care of the customers.’

Rajesh Govindan, managing partner of Cochin Gold, said, ‘We received pre-booking on our new designs. The economic slowdown seems to have had no effect on our sales. Indeed enquiries started last week itself.’Govindan feels that gold can never go out of fashion and it will continue to be investors’ favourite.

Anto Ignatious, regional manager, Joyalukkas said, ‘Akshaya Tritiya is an auspicious day and we always get good response every year. This year is much better as compared to previous years. Gold unlike others is a sort of safeguard for future.’