Gold ETFs, MMTC, jewellers to hog limelight

Stocks of MMTC, Titan Industries and jewellery stocks such as Thangamayil Jewellery and Gokaldas Exports will remain in focus at the bourses on Monday due to Akshaya Tritiya. Already exchanges, jewellers and even MMTC have made special arrangements to push the sales during the auspicious time in the Hindu calendar to buy gold/ornaments. Though the Askhaya Tritiya falls only on Monday, several jewellery firms and others have widened the period to three days starting Sunday. Most jewellers expect the sales to increase this year because of sharp decline in gold price, which is currently ruling at Rs 27,400 per 10 grams as against Rs 32,000 in the year-ago period.