Dhanteras Sales: A lot of shopping is being seen today on the festival day of Dhanteras. A lot of demand is being seen for precious stones ranging from gold and silver to gems, rubies, coral etc. On the basis of all this, sales of Rs 30,000 crore are expected to be seen during the festival of Dhanteras-Diwali.
Due to the continuously rising prices of precious metals and as a result of geo-political conditions, the number of people viewing and buying gold as a safe investment has increased. Along with this, the prices of silver are lower as compared to gold and its industrial demand is also continuously increasing, hence its price and the number of buyers are also increasing.
Gold and silver will be sold heavily on Dhanteras
From the purchase of gold and silver so far on Dhanteras, it seems that like every year, this year too there will be huge sale of gold and silver. Apart from this, a huge increase will also be seen in the purchase of silver utensils and idols, coins, biscuits and bars.
What do experts say?
Some market experts say that on value basis, a growth of 10-15 percent is being seen continuously and it is expected to remain at the same pace of 15-20 percent in future also. If we look at the return estimate for silver, the average estimate is 40 percent and for gold, the growth estimate is 23 percent. This is more than the benchmark returns of the stock market.
Chairman of Eastern Region of Gems and Jewelery Export Promotion Council (GJEPC/Gems & Jewelery Export Promotion Council) says that gold returns will continue to rise. Global instability like Iran-Israel tension and geo-political situations are responsible for this. Apart from this, silver is emerging as an economical and safe investment.
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Estimated business of Rs 60 thousand crore across the country on Dhanteras, sale of gold and silver is fantastic
