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AKGSMA and IAGES Join Forces in Kozhikode to Elevate Kerala’s Gold Trade Standards

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The All Kerala Gold and Silver Merchants Association (AKGSMA) held its State Council Meeting in Kozhikode, in collaboration with the India Association for Gold Excellence and Standards (IAGES) — a significant stride towards strengthening transparency, trust, and professionalism in Kerala’s gold trade sector.

The meeting was presided over by K. Surendran, State President of AKGSMA, with prominent office bearers including Adv. S. Abdul Nazar (General Secretary), C.V. Krishnadas (Treasurer), M. Vineeth (Working Secretary), and Betty Thomas, representative of the World Gold Council, in attendance.

Kaushalendra Sinha, CEO of IAGES, emphasized the initiative’s core vision — to integrate small traders into a trusted and transparent gold ecosystem. “Our mission is to raise the bar for India’s gold trade by empowering stakeholders with professional standards and building consumer trust,” he stated.

Key figures such as State Vice Presidents Faisal Amin, Abdul Aziz Erbad, and P. T. Abdurahman Haji, along with several State Committee Secretaries from across districts, participated and addressed the gathering.

A highlight of the meeting was a strategic discussion between Kaushalendra Sinha, Betty Thomas, and M.P. Ahammed, Chairman of Malabar Group, along with AKGSMA leaders. The dialogue focused on statewide collaboration to promote IAGES’s vision and strengthen Kerala’s position in India’s evolving gold standards framework.

This meeting marks a key milestone in aligning Kerala’s robust jewellery sector with national efforts for excellence and ethical trade practices.

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Bhima Gold Unveils Ashtalakshmi Coin Collection for Akshaya Tritiya, Blending Devotion with Exquisite Design

A culturally rooted, insight-led launch that reimagines festive gold buying through storytelling, symbolism, and spiritual relevance.

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In a move that blends cultural storytelling with product innovation, Bhima Gold has unveiled its Ashtalakshmi Coin Collection for Akshaya Tritiya – positioning gold not just as a purchase, but as a deeply symbolic expression of prosperity, faith, and intent.

Timed with one of India’s most significant gold-buying occasions, Akshaya Tritiya, the launch reflects a deeper cultural shift in consumer behaviour. While the festival continues to drive strong purchase intent, there is a growing preference for meaningful, purpose-led buying experiences over purely transactional consumption.

Aligned with this evolving mindset, the Ashtalakshmi coin collection has been thoughtfully conceptualised to blend tradition with deeper symbolism. Inspired by the eight sacred forms of Goddess Lakshmi, each coin represents a distinct dimension of prosperity—from wealth and nourishment to courage, knowledge, and continuity.

By bringing together Adi Lakshmi, Dhana Lakshmi, Dhanya Lakshmi, Gaja Lakshmi, Santana Lakshmi, Veera Lakshmi, Vijaya Lakshmi and Vidya Lakshmi, the collection reframes gold coins from being a generic festive purchase to a story-driven, culturally immersive product experience – one that resonates across generations and belief systems.

This launch also aligns with Bhima Gold’s larger centenary narrative of “Together Purever,” which focuses on legacy, shared traditions, and evolving consumer meaning. The collection becomes an extension of that philosophy – reinforcing how heritage brands are reinterpreting tradition for a more aware and emotionally driven consumer.

Customers can pre-book their favourite jewellery by paying just 10% in advance & get their jewellery on Akshaya Tritiya at the lowest rate, which gives customers more flexibility and helps them plan their purchases with greater confidence, especially at a time when gold prices are high.

Akshaya Tritiya has traditionally been associated with intention, belief, and the aspiration for prosperity, extending beyond a purely transactional act of buying gold. The Ashtalakshmi Coin Collection has been conceptualised to reflect this deeper cultural and spiritual significance, with each coin designed to carry a distinct meaning and sense of purpose. The initiative also aligns with evolving consumer preferences, where there is a noticeable shift towards jewellery that offers emotional, cultural, and spiritual resonance in addition to intrinsic value.

With gold prices near record highs and consumer sentiment becoming more considered, Bhima’s Ashtalakshmi Coin Collection signals a broader shift in the category — from price-led promotions to meaning-led engagement, where design, storytelling, and cultural relevance drive both differentiation and demand.

As legacy brands navigate a new era of conscious consumption, Bhima Gold’s latest offering highlights how tradition can be reimagined as experience, making gold buying not just an act of investment, but an expression of identity and belief.

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