Jewellers reported strong footfalls and sales on Dhanteras as gold prices eased from their highs, while wedding purchases, old-gold exchanges and lightweight jewellery boosted demand.
Axis Direct has a more upbeat outlook of gold rising by 18 per cent by next Dhanteras, with target prices of ₹165,000-₹171,00.
Automobile dealers expect strong Dhanteras sales today, with demand holding up across two-wheelers, passenger vehicles and commercial vehicles, while supply constraints in electric vehicles are likely to limit deliveries in some segments. Federation of Automobile Dealers Associations (FADA) President Sai Giridhar said the overall market sentiment was positive, with demand remaining strong across vehicle categories. "Overall, it is a strong demand. And all segments put together, be two-wheelers, four-wheelers, commercial vehicles, all segments are going strong. Though probably in electric vehicles -- two-wheelers or four-wheelers -- you can see some supply constraints," he said. Auto dealers said the festival calendar, with Dhanteras on November 6 and Diwali on November 8, placed a major retail sales period within the month. According to them, vehicle registration trends during the festival season have been encouraging so far. Entered November with optimism. FADA's online members'
Restore your target allocation to gold, maintain realistic return expectations, and be prepared for near-term volatility
This Dhanteras, buying gold requires more than checking the price. Before purchasing, verify the BIS hallmark, including the purity mark and six-character HUID code through the BIS Care app.
From checking the HUID on the BIS Care app to verifying gold weight, testing purity and seeking compensation for shortfalls, here's what buyers should know before buying gold this Dhanteras
Gold and silver sales alone are estimated at ₹60,000 crore; strong demand for Indian-made products boosts festive spending
In the month following the GST relief, Maruti Suzuki has seen over 450,000 bookings and 325,000 retail sales, signalling strong post-reform demand
The Centre said that the timing of the GST cuts just before the festival and wedding season proved ideal, boosting consumer sentiment across sectors
Prime Minister Narendra Modi on Saturday greeted the nation on Dhanteras, the festival that marks the beginning of Diwali celebrations. "Many happy Dhanteras wishes to all my family members across the country. On this auspicious occasion, I wish everyone happiness, good fortune, and health, Modi said in a post in Hindi on X. May Lord Dhanvantari shower his bountiful blessings on everyone, the prime minister said. Dhanvantari Trayodashi, commonly known as Dhanteras, is considered the first day of Diwali and celebrated on the 13th lunar day of the Krishna Paksha (waning period of the moon) of the Hindu calendar's Ashwin month. Dhanteras is considered the most auspicious day in the Hindu calendar for buying items, ranging from precious metals like gold and silver to utensils.
As gold prices peak, Indian households still spend big on Dhanteras, showing how faith and finance continue to shape the country's festive buying patterns
Dhanteras will be celebrated on Saturday, October 18, honouring Goddess Lakshmi and Lord Kuber with prayers and the Pradosh fast - seeking prosperity, wealth, and good fortune
In Mumbai's bustling jewellery district, stores are packed, with many customers coming in to buy or book gold and silver coins and bars as both festival and investment purchases
Dhanteras marks the beginning of Diwali. On this day, people buy gold,silver, or utensils to seek blessings from Lord Kubera and Goddess Lakshmi for wealth, prosperity, and good fortune
Gold and silver ETFs from Nippon India Mutual Fund, the largest in the category, alone recorded a combined volume of Rs 228 crore
According to the RBI's latest report on foreign exchange reserves, as of the end of September, the central bank holds 855 tonnes of gold, with 510.5 tonnes now stored domestically
To manage the expected increase in passengers during the festive period, the DMRC added 60 extra trips on Tuesday and Wednesday
Conservative buyers gravitated toward Shagun coins, while younger ones chose lightweight or 18k jewellery
Sales of premium watches jump 6-fold during the ongoing festival season
The gold demand in the country has strengthened during the key festival of Dhanteras, buoyed by a recent reduction in import duties and traditional buying patterns, a senior MMTC-PAMP official said on Tuesday. "The market sentiment for gold remains robust this Dhanteras season, with sustained demand for our pure gold products," MMTC-PAMP Managing Director and CEO Vikas Singh told PTI. The reduction in import duty from 15 per cent to 6 per cent has amplified festival season purchases, with consumers showing a strong preference for high-purity gold products, he said. "Customer preference for quality and purity continues to be a key driver in purchase decisions, particularly for our 24K gold products with 99.99 per cent + purity," Singh added. The positive momentum is expected to continue into the upcoming wedding season, which traditionally accounts for approximately half of India's annual gold consumption, Singh said. He noted that beyond seasonal factors, gold demand benefits from