Gold demand may pick up in April

MUMBAI: Bullion traders and jewellers in India are expecting gold sales to pick up next month with the onset of the wedding season and in the run up to Akshya Tritiya, which is considered to be an auspicious day in Hindu calendar to buy valuables.

"The demand is likely to improve from next month on account of marriage season and Akshay Tritiya," said Ketan Shroff, spokesperson, Indian Bullion and Jewellers Association.

Gold has risen 2.3% at Rs 26,202 per 10 gm in the country since last Tuesday in response to the US Federal Reserve’s announcement that it will not raise interest rates in a hurry.