Trade on Dhanteras expected to cross Rs 1 lakh crore: CAIT

The Confederation of All India Traders (CAIT) has estimated that trade across India on the occasion of Dhanteras is expected to cross Rs I lakh crore, with gold and silver sales alone exceeding Rs 60,000 crore nationwide.

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The trade body said that each festival in India carries its own special significance, but Dhanteras holds a unique and auspicious place.

On this day, people across the country traditionally buy gold, silver, utensils, kitchenware, vehicles, brooms, electronic and electrical goods, idols of Goddess Lakshmi and Lord Ganesha, clay lamps, and other puja materials, all considered symbols of prosperity.

CAIT Secretary General Praveen Khandelwal said, “The total business on Dhanteras, including gold, silver, and other auspicious items, is estimated to have crossed Rs 1 lakh crore across the country.”

Headded that buying new utensils made of copper, silver, or steel on Dhanteras is considered auspicious, symbolising purity and prosperity.