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Dhanteras: Pricey gold, silver unlikely to deter buyers
The New Indian Express
|October 25, 2024
DESPITE soaring gold and silver prices, jewellers are not expecting much of an effect on the sale of gold and silver jewellery on the auspicious day of Dhanteras.
Gold prices have surged by over 25% in the past year. Last Diwali, gold was priced at ₹62,000 per 10 gm, and it is currently trading at ₹78,500. Meanwhile, silver price currently stands around ₹1 lakh per kg. Gold is expected to touch 80,000 per 10 gm soon.
While a section of gold jewellers are seeing subdued sales, large retailers continue to see good footfall.
"Despite the traditional significance of purchasing precious metals on this day, many consumers are opting to hold back, leading to a noticeable decline in footfall at jewellery stores," Delhi-based Jai Kabra, founder of Resham Group.
Denne historien er fra October 25, 2024-utgaven av The New Indian Express.
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