Gold sales down by 50% on Dhanteras day
New Delhi: Gold sales on Dhanteras day today are down by about 50 per cent despite lower price as sluggish demand for bars and coins amid high inflation and weak economic outlook dimmed the sparkle
Availability of bars and coins are scarce this year due to import curbs, Hundia said.
Marriage demand for jewelleries was strong.
It was a ‘mixed response' otherwise for from consumers on this auspicious occasion, traders said.
Sale in gold jewellery is expected to be almost at last year's level. Buying is still happening. Final sale figures are expected late night,” Soni said.
Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business and India Section
Advertisement
Advertisement
Top News
-
'1000 missiles are locked and aimed at Iran': Trump warns Tehran against attempts to assassinate him
-
Narottam Mishra's supporters clash with cops, block highway; Section 163 of BNS imposed
-
PM Modi calls India-New Zealand FTA 'historic milestone': 'Pact gives momentum to bilateral ties'
-
Delhi's Red Fort receives bomb threat; police declare call a hoax after thorough investigation
Advertisement
Advertisement