Mumbai(Commodity Online): As the festive season approaches, Indian Gold market starts to glitter. The beginning of the week long buying spree of Gold, especially with many festivals around, was seen in the Indian market. Taking a cue from this trend was Gold stock sector. Today good buying was seen in Gold stocks Gitanjali Gems, Titan Industries, Rajesh Exports, etc due to expected rise in demand of Gold because of start of Diwali festival with Dhanteras today. Dhanteras is the first day of the five-day Diwali Festival. Traditionally the festival marks the goddess of wealth, Lakshmi, by buying the most precious commodity - Gold. Gold is often used to represent wealth in these ceremonies. Hindus believe money spent on this day will bring prosperity to their family and home during the coming year. India is the world's largest single consumer of gold as Indians buy about 25% of the world's gold, purchasing approximately 800 tons of gold every year, mostly for jewelry. Most of the purchasing by Indians of Jewelry is seen during this time because of festive and marriage season. Most of the Gold stocks like Gitanjali Gems, Titan Industries, Rajesh Exports, etc showed good momentum today and are in uptrend. Good for investment from current rates, investors can accumulate these stocks even on dips. Among all, Gitanjali Gems turns out to be the best bet from investment point of view. Gitanjali Group is world’s largest branded jewellery retailer. Its stock price was consolidating since last few days but gave breakout today. Short term traders can buy Gitanjali near current price of 370 with the price targets of 390-410 keeping stop loss of 355. Get sure shot capital market calls only on www.makemystocks.com. Call 079-40275050 or mail to info@commodityonline.com

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