INSUBCONTINENT EXCLUSIVE:
Dhanteras: Both gold and silver are being purchased, says Mr Khandelwal.NEW DELHI: Gold and jewellery sales in the morning trade remained
subdued this Dhanteras Monday owing to sluggish demand from consumers amid high prices, according to industry players
However, organised players like P C Jewellers are expecting better sales later during the day as quality and better designs at competitive
metal -- make up for roughly 70 per cent of the country's gold sales
Dhanteras is considered to be an auspicious day for buying gold, silver and other valuables and is largely celebrated in northern and
western parts of India."Footfalls are good but sales are moderate so far
Till few days back, we were thinking gold demand on the day of Dhanteras would be down 10-15 per cent, but looking at the pre-booking and
footfalls, there should be least 5-7 per cent jump in sales today," All India Gems and Jewellery Trade Federation (GJF) Chairman Nitin
Khosla said: "There is a general reluctance to enter the market
prices are ruling over Rs 32,000 per ten gram because of rupee depreciation.(: Dhanteras 2018: Jewellers Announce Discounts, Cashbacks On
K Sharma said the company expects better sales this Dhanteras when compared to the last year on the same day.At its stores, maximum gold
jewellery is being bought, while 25 per cent is diamond jewellery
will enter the market after the office hours
than 4 lakh jewellers in the country
TheIndianSubcontinent staff and is published from a syndicated feed.)
