Friday, 10 November 2023

Dazzling start: Rs 30,000 crore gold and silver transactions on Dhanteras

According to the Confederation of All India Traders (CAIT), trade across India trade on November 10 surpassed Rs 50,000 crore with Delhi alone contributing Rs 5,000 crore

 


     

Approximately, 41 tonnes of gold and 400 tonnes of silver jewellery and coins were estimated to have been sold on Dhanteras so far (Representative Image)

Approximately, 41 tonnes of gold and 400 tonnes of silver jewellery and coins were estimated to have been sold on Dhanteras so far (Representative Image)

Dhanteras witnessed a massive surge in trade across India with gold and silver transactions reaching Rs 30,000 crore giving a dazzling start to the five-day Diwali festival beginning on November 10. The festive fervour also ignited purchases of automobiles, utensils, kitchen equipment, electronics and brooms.

November 10 is the first day of the week-long Diwali festivities in India. Dhanteras will be followed by the festival of Roopchaturdashi (November 11), Diwali on November 12, Govardhan Puja and Annakut on November 13 and Bhaiya Dooj on November 15.

Trade estimates

According to the Confederation of All India Traders (CAIT), trade across India on November 10 surpassed Rs 50,000 crore with Delhi alone contributing Rs 5,000 crore.

CAIT National President BC Bhartia and Secretary General Praveen Khandelwal highlighted that Dhanteras witnessed numerous purchases, including idols of deities Shri Ganesh, Shri Lakshmi and Shri Kuber; vehicles, gold and silver ornaments, as well as items like utensils, kitchen appliances, and electronics, and brooms which are considered auspicious to buy on this day. Besides, the purchase of earthen lamps, home and office decoration items, furnishing fabric and Diwali puja materials are also bought on the day of Dhanteras.


🪔🪔🪔HAPPY DIWALI 🪔🪔🪔

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