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
-
Tata Steel to merge European operations with Thyssenkrupp to create 2nd largest steel behemoth
-
Bengaluru: I-T raids on S M Krishna’s son-in-law Siddhartha, owner of Cafe Coffee Day chain
-
5 reasons why TRAI’s decision on IUC cut will significantly boost RIL’s earnings
-
GST interim returns: Over 75 per cent eligible taxpayers waited for last day to file returns, says Jaitley
-
India replaces China as top retail destination in 2017: Study
Top News
-
Registration, CCTV, rent regulation: Delhi plans stricter PG rules after Satya Niketan tragedy
-
Over 400 flights cancelled, Heathrow, Manchester airports worst-hit: What led to chaos across UK?
-
PM Modi says India's GDP growth gives world hope, hints major policy reforms, next phase of UPI
-
Deepika Padukone flaunts baby bump, poses with daughter Dua and Ranveer Singh in new family photos
Advertisement
Advertisement