n India’s financial capital of Bombay had surged.

alers in India told Reuters that gold buying in India’s financial capital of Bombay had surged. With gold demand running at 800 kilos (479 Million Rupee) a day from around 250 kilos (149.8 Million Rupee) in March.

In the western city of Ahmedabad, gold demand doubled to 1,500 kilos (898.8 Million Rupee) a day from 700 kilos (419.4 Million Rupee) a day in March.

In Ahmedabad, gold prices declined by Rs75 to Rs18,425 per 10 gram on Saturday, the eve of Akshay Tritiya. On Friday, gold was n India’s financial capital of Bombay had surged. gm.
Prices of the yellow metal have risen sharply from below Rs17,000 per 10 gram to Rs18,500 in less than three weeks, as a result increased demand and the European debt crisis. The high gold prices may keep customers away for jewellery shops even on Akshay Tritiya, as they might prefer to wait for a correction in prices before making their purchases. But jewellers in the city appear unfazed by the high prices. Most of them said they were expecting good sales on the auspicious day.

“We do not expect high prices to impact gold sales on Akshay Tritiya,” Shantilal Patel, president, Gem & Jewellery Trade Council of India, told DNA on Saturdalal Soni, president, Ahmedabad Gold Silver Jewellery Traders’ Association, was also of the opinion that high prices will not deter customers. “Many customers wait for auspicious days to buy precious metals,” Soni said. “Such customers will buy gold irrespective of price. Moreover, the ongoing marriage season will also encourage buying.”

He added that the fact that Akshay Tritiya is falling on a Sunday this time will also help sales. Tushar Choksi, president of Surat Jewellers Association, was also optimistic that high gold prices will have a marginal impact on gold sales on Akshay Tritiya.

Jewellers in Ahmedabad and Surat also expect brisk sales of coins and bars on Sunday, in addition to jewellery.”Gold is no longer used only for jewellery,” said Rajnikant Choksi, pay. “People who have planned to buy gold tomorrow will definitely do so.”ld alloys became fashionable in the 1920′s, mainly as a substitute for platinum, which had itself recently become fashionable. Platinum is quite expensive, needs greater temperatures than gold, and is generally considered harder to work with than gold, although it is ideal for use in diamond settings. At least three patents were issued for different “recipes” of white gold alloys during the 1920′s, using different components to produce the whitening or “bleaching” effect. Simply mixing a white and a yellow metal together does not just produce a pale yellow colour, alloying produces a difference in the atomic structure which alters the reflectivity of light of different wavelengths.
The commonest metal which causes a significant bleaching effect in gold is nickel, which has the great advantage of being inexpensive, and also providing, in 18 carat alloys, a good colour match for platinum, however its colour matching in 14 and 9 carat alloys is poor. It also has the serious defect that it commonly causes dermatitis, through allergic reactions when worn in contact with the skin. It is also considered to be slightly carcinogenic. E.C. Regulations covering the use of nickel in jewellery are being implemented, and soon all or most new jewellery sold in the Community will have to be nickel-free, or at least “nickel-safe”. Most American and Italian white gold alloys use nickel.
A typical nickel containing white gold alloy