HYDERABAD/MUMBAI: For the first time in the history of the Indian jewellery market, silver glittered more than gold this Dhanteras. As gold prices continued their record-breaking run, it dampened consumer demand. Shoppers instead rushed to buy silver.“Silver sales have shot up 30-35% this year despite prices being 40% higher than last Dhanteras,” Surendra Mehta, national…
Representative Image There has been a 10-15% year-on-year drop in jewellery and gold demand by volume this Dhanteras, according to initial estimates, with consumers mostly purchasing lightweight and diamond-studded jewellery even as the young crowd returned to retail outlets, leading jewellers said. Yet, value sales of the yellow metal increased by up to 25% due…
NEW DELHI: If the consumer industry was waiting for a big-bang stress buster after the slowdown pangs during most parts of the year, the auspicious Dhanteras brought in cheer for companies as buyers didn’t disappoint, even when it came to purchase of gold that has seen a strong surge in prices this year.Car sales, which…
NEW DELHI: It is not just Indian households which look to bring gold into their lockers. On Dhanteras, the Reserve Bank of India disclosed that it has shipped another 102 tonnes of gold from Bank of England’s vaults in London to secure locations within the country.At the end of September, of the 855 tonnes of…
NEW DELHI: Gold prices surged by Rs 300, reaching Rs 81,400 per 10 grams in the national capital on Tuesday, driven by strong demand from jewellers and retailers ahead of Dhanteras, as reported by the All India Sarafa Association. Silver also climbed, increasing by Rs 200 to Rs 99,700 per kilogram as industrial units and…
According to Deepak Jasani of HDFC Securities, the Nifty could now rise to face resistance at 24,567. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50 opened in green on Dhanteras 2024. While BSE Sensex was below 80,000, Nifty50 was near 24,300 level. At 9:17 AM, BSE Sensex was trading at…
Diwali, the festive season of lights, begins with the celebration of Dhanteras. It is considered to be a lucky holiday honouring prosperity and well-being. This year, Dhanteras falls on Tuesday, October 29, 2024, and families are preparing to welcome good fortune into their homes. The festival’s importance comes from its focus on worshiping the goddess…
HYDERABAD: All that glitters may not be gold this Dhanteras and Diwali season, thanks to a 25-30% rise in the price of the yellow metal since last Dhanteras. Gold is now hovering near its life-high in the domestic and international markets.After gold’s surge to its all-time high of $2,759 per ounce on Oct 23 in…
With the festival of Dhanteras around the corner in 2024, the excitement can be felt in the air. It is the day when one worships the Lord Dhanwantari, who symbolises good health and Ayurveda, celebrating the arrival of wealth and prosperity. On this auspicious day, people not only purchase gold and silver but also seek…
Representative image Kolkata: A week before Dhanteras, the price of 24K gold in Kolkata crossed Rs 81,000 for 10 gm, raising speculations among buyers and jewellers in the city. In the past six days, the price of 24K gold in Kolkata has increased by almost Rs 4,000 per 10 gm. Gold prices have consistently been…
