Dhanteras kickstarts on positive note, jewellers eye up to 20% growth ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 32
Two-day pre-Diwali Dhanteras buying of gold and silver began on a positive note on Saturday with some big jewellers and an industry body anticipating a further pickup in demand by Sunday and up to 20 per cent higher sales than the last year. High gold prices have not deterred consumers from buying on Dhanteras, which is considered the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils, to other valuables. On Saturday, gold prices were ruling at Rs 50,139 per 10 grams, excluding taxes, in the national capital, much higher than Rs 47,644 per 10 grams on Dhanteras day in 2021. Normally, 20-30 tonnes of gold is sold on a Dhanteras day. "As this y

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