Buy Runescape 2 Gold

Main Menu

  • Home
  • Gold stock
  • Gold sale
  • Gold finance
  • Gold business
  • Gold price

Buy Runescape 2 Gold

Header Banner

Buy Runescape 2 Gold

  • Home
  • Gold stock
  • Gold sale
  • Gold finance
  • Gold business
  • Gold price
Gold sale
Home›Gold sale›Dhanteras and Diwali will boost the sale of gold and jewelry

Dhanteras and Diwali will boost the sale of gold and jewelry

By Dorothy G. Sears
November 3, 2021
0
0

Taking advantage of the exceptional sale of gold jewelry in Dhanteras, Diwali will have a business of more than one lakh crore, traders estimated.

The Confederation of All Indian Traders (CAIT) has also estimated that by the end of this year there will be an infusion of around three lakh crore in terms of consumer spending.

According to Praveen Khandelwal, secretary general of CAIT, all businesses during Diwali are expected to exceed Rs one lakh crore this year. By the end of December, it could exceed Rs three lakh crore after the economy recovered and people started spending after two years of COVID fatigue. “The bazaars are crowded and crowded, gasoline and diesel sales have exceeded pre-covid levels,” he added.

According to one estimate, the business of wrapping this Diwali was worth around 15,000 to 20,000 crore.

There has been a lot of demand for wrapping paper and many kinds of ribbons and other decorative items to make it attractive.

Other estimates showed that the potters must have made around 500 to 800 crore rupees from the sale of earthen lamps across the country this year. Overall, the commercial estimate for traditional products is around 30,000-40,000 crore. Small artisans from small towns to large cities have experienced robust growth.

According to the India Bullion and Jewelers Association (IBJA), the sale of gold to Dhanteras across the country this year was around 50 tonnes, valued at over Rs 20,000 crore. According to IBJA, at Dhanteras 2021, gold sales are expected to be around Rs 20,000 crore, compared to Rs 12,000 crore in 2019.

In other CAIT trade data, around 20-25 tons of gold jewelry was sold across the country on Dhanteras, which includes an estimated sale of Rs. 1000 crore in Delhi, around 1,500 crore in Maharashtra, around 600 crores in UP and in the South. India around 2000 crore alongside other states in the country. Gold was almost 6% cheaper than it was during Dhanteras last year, encouraging people to buy the precious metal.

In addition, traditional spending during Diwali, travel platforms, homestay brands, hotels and resorts have all seen a dramatic increase in demand this week, indicating a shift in consumer behavior with the pandemic leading to “strong” reality checks.


Source link

Related posts:

  1. Meadow Gold sale’s losing party alleges wrongdoing
  2. Amid lockdown, Mumbai jewelers to offer online gold sale on Akshaya Tritiya
  3. BBC NEWS | Africa | Zimbabwe: “illegal offer to sell gold”
  4. Spending on vacations, stocks and white goods could affect the sale of gold

Categories

  • Gold business
  • Gold finance
  • Gold price
  • Gold sale
  • Gold stock

Recent Posts

  • Time to buy Barrick gold shares?
  • High Inflation and Ukraine Crisis Boost Jewelry Sales on Akshaya Tritiya, Retail News, ET Retail
  • Explained: This Akshaya Tritiya, Will Gold Selling Exceed 2019 Levels
  • Which gold stock could outperform in 2022?
  • Is Barrick Gold stock oversold?

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • February 2019
  • January 2019
  • November 2018
  • September 2018
  • June 2018
  • January 2018
  • October 2017
  • September 2017
  • July 2017
  • April 2017
  • February 2017
  • November 2016
  • October 2016
  • September 2016
  • June 2016
  • April 2016
  • July 2015
  • March 2015
  • February 2015
  • July 2014
  • December 2013
  • November 2013
  • August 2013
  • April 2013
  • February 2013
  • August 2012
  • October 2011
  • September 2011
  • July 2011
  • October 2010
  • February 2009
  • Privacy Policy
  • Terms and Conditions