look news india
On the day of Dhanteras, most people buy gold and silver. Due to which the purchase of gold and silver increases on the occasion of Dhanteras. However, the prices of gold and silver also increased this year. Despite this, there has been good sale of gold and silver this Dhanteras.
There was a decline in gold purchases this Dhanteras, because people expected that the prices of gold would fall on Dhanteras but it did not happen. However, the sale of silver has increased. Apart from this, there was a rise in other markets also on Dhanteras. Apart from gold and silver, there was good buying and selling of other items including vehicles, electronic equipment, utensils, clothes etc. According to the information, it is expected that this year there will be a business of Rs 60 thousand crore on Dhanteras. Whereas last year the turnover was Rs 50 thousand crore i.e. 20 percent more. Gold worth Rs 20,000 crore sold on Dhanteras. Most people buy gold and silver (gold-silver prices), due to which the purchase of gold and silver increases on the occasion of Dhanteras.
According to the information, despite the increase in prices, there has been good sale of gold and silver this Dhanteras. Gold worth Rs 20 thousand crore and silver worth Rs 2500 crore were purchased across the country. According to an estimate, about 30 tonnes of gold was sold, whose value is more than Rs 20 thousand crores. At the same time, 250 tonnes of silver worth more than Rs 2500 crore has been sold. Whereas last year the business of gold and silver together was worth about Rs 25,000 crore.
Gold sales have declined by 15 percent
According to the information, today the sale of silver has increased by 33 percent, while the prices of gold have fallen by 15 percent. Silver is considered a more viable investment. Gold sales on Dhanteras came down to 35 tonnes from 42 tonnes last year. Since last Diwali, gold prices have increased by 30 percent. On Tuesday, 10 gram standard gold was trading at Rs 78,430, up 0.6 percent from the previous close.
25 percent increase in vehicle sales
According to the information, there was a 20 to 25 percent increase in the sales of cars and two-wheelers on Dhanteras. There was an increase of five to 12 percent during Dussehra. This sales figure may double on Diwali. On Dhanteras, car sales increased by 10 percent and two-wheeler sales increased by 15 percent.
Meanwhile, the industry organization said that on the day of Dhanteras, the sales of smartphones along with fridges, TVs, washing machines can increase by 20 to 30 percent.
