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Estimated Turnover Of Rs 5000 Crore On Dhanteras In Delhi

The recession-hit economic system ran in top gear on Diwali. In Delhi, where the business of five thousand crore rupees is estimated, the silver in the bullion market remained silver. More than five hundred tonnes of silver was traded this Diwali. Gold also did not lag behind in spreading its shine. Two thousand kg of gold was sold only on the occasion of Dhanteras. Therefore, due to the increasing crowd in the markets, the shine has returned in the eyes of the traders.

The smiles of the bullion traders, who were hit by a huge recession in the last two years, came back on Dhanteras. There were a lot of buyers in the jewelery market of the capital. About 15 tonnes of gold jewelery was sold across the country on Dhanteras, which is about Rs 7.5 thousand crore. Business worth 1000 crores was done in Delhi also. It has been proved that gold and silver have been the first choice of investors in the country since time immemorial. Everyone buys gold and silver and utensils on Dhanteras in their own capacity, which is also a custom. The Chamber of Trade and Industry (CTI) estimates that around 60 per cent of the business returned on Diwali. 5000 crore business estimated. There was a boom in the market in many sectors like electronics, electrical, sweet-snacks, dryfruits, crockery, home furnishing, decorative items, gift items, clothing, jewellery, footwear, automobile sector, furniture, toys.

According to an estimate, Pankaj Arora, national president of All India Jewelers and Gold Smith Federation, said that silver coins and anklets were sold for around five thousand kg. In the first half of 2021, 700 tonnes of gold were imported. Prem Prakash Sharma, General Secretary, Delhi Bullion and and Jeweler Association said that silver spread its luster and buyers were waiting on Dhanterat. As far as gold jewelery is concerned, the buying has not been much.

Jewelery trade boomed
Confederation of All India Traders Association General Secretary Praveen Khandelwal and All India Jewelers and Gold Smith Federation said in a joint statement that around 15 tonnes of gold jewelery was sold across the country on Dhanteras. Which is about 7.5 thousand crores. Business of 1000 crores was done in Delhi, while in Maharashtra 1500 crores, in Uttar Pradesh about 600 crores, in South India about 2000 crores of gold jewelery was traded. According to trader Devraj Baweja, the purchase of gold and silver coins, notes, sculptures and utensils, decorative items was fierce. The business is also expected to increase in the wedding season next year.

great shopping here
Chandni Chowk, Sadar Bazar, Khari Baoli, Bhagirath Place, Chawri Bazar, Karol Bagh, Connaught Place, Lajpat Nagar, Sarojini Nagar, Nehru Place, Krishna Nagar, Shahdara, Laxmi Nagar, Kamla Nagar, Rajouri Garden, Pitampura, Rohini, Model Town , Rani Bagh, Greater Kailash and other markets are witnessing a large crowd.

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