Page 3 - Dhanteras

Around Rs 40,000 cr of business expected during 2-days of Dhanteras: CAIT

Around Rs 40,000 crore of business is expected to be generated on this Dhanteras, which is spread over the weekend, on the back of positive consumer sentiment, the Confederation of All India Traders (CAIT) said on Saturday. Dhanteras, the first day of Diwali, is considered auspicious to buy new items, especially gold, silver jewellery, all kinds of utensils, kitchenware, vehicles, clothes and readymade garments, electronics, electrical goods among others. This year Dhanteras is spread over the weekend, with the muhurat beginning from 2 pm on Saturday till 6 pm on Sunday. "Around Rs 40,000 crores of business" is expected on two days festival of Dhanteras, CAIT national president B C Bhartia said in a statement. All India Jewellers and Goldsmith Federation national president Pankaj Arora said there is great enthusiasm among jewellery traders across the country regarding the sale of Dhanteras on Saturday and Sunday, for which the industry has made elaborate preparations. There is als

India logs Dhanteras gold rush, jewellery sees 595% jump in orders: Report

India Witnesses the Dhanteras Gold Rush, Jewelry Sees a 595 percent Increase in Orders During the Diwali Season: Razorpay Festive Report

Dhanteras begins on positive note; jewellers expect footfalls to increase

Dhanteras, spread over two days of the weekend, got off to an auspicious start on Saturday as consumers began trickling in to markets, with jewellers expecting the momentum to increase towards the evening. Dhanteras, which marks the first day of Diwali in India, is considered an auspicious occasion to buy gold and silver as part of Hindu festivities. "Since the day has just begun, the footfalls are just trickling in. As this year Dhanteras is spread over the weekend, we expect the momentum to increase towards the afternoon and evening and tomorrow. "Mainly, since morning people who had pre-booked, are coming to pick up the items to avoid the crowd," All India Gem And Jewellery Domestic Council chairman Ashish Pethe told PTI. Since the last 3-4 days the consumer sentiment has been good and the sales momentum has been positive. The industry expects a good two days of business, he added. PNG Jewellers Chairman and Managing Director Saurabh Gadgil said in Maharashtra, the footfalls ha

Diwali 2022: Dhanteras likely to see bumper demand for jewellery

Industry captains expect a 15-20% increase in demand over last year's high base

Long-term investors should invest in gold through SGBs, say experts

Those who desire liquidity should opt for a gold ETF having low expense ratio and high volume

Planning to buy gold this Dhanteras? Check price, purity and hallmarking

The price of the gold depends on the karat which is a measurement of the purity of a piece of gold

Gold jewellers see best Dhanteras in three years amid pent-up demand

According to market veterans, on average gold sales are estimated around 20-30 tonnes on the day of Dhanteras

Dhanteras glitter dims for consumer appliances firms, automakers

Inflation, second Covid-19 wave, semiconductor shortage major reasons behind tepid sales

Top headlines: Jewellers strike gold on Dhanteras, TMC wins all 4 by-polls

Ola posts first-ever operating profit of Rs 90 cr in FY21; Logistics startup Delhivery files DRHP with Sebi. More on top headlines for this evening

Festive cheer for jewellers as Dhanteras fetches bumper gold sales

Dhanteras is traditionally seen as the most auspicious day in the Hindu calendar to buy gold

Markets Today: Will jewellery stocks double by next Dhanteras?

Shares of Titan, Thangamayil Jewellery and Goldiam International have more than doubled since last Dhanteras. But will these companies replicate their returns this year as well?

Buying gold jewellery this Dhanteras? Insist on hallmarked products then

Get clarity on making charges for the piece, deduction if you sell it back, and eligibility for gold loan

Navratri sales: Chip shortage dents PV retails, 2-wheelers see weak demand

High acquisition cost dissuades motorcycle and scooter buyers this festive season, while carmakers have been unable to cater to the demand owing to chip shortage

Business glitters for jewellers as gold prices fall 17%, economy recovers

Reprieve in the pandemic means they can eye a recovery in their most lucrative sales period.

Toyota Kirloskar logs 12% increase in retail sales on Dhanteras

Toyota Kirloskar Motor has said its Dhanteras retail sales spiked 12 per cent this year as compared to last year and it expects November volumes to be more bullish over the previous month. The automaker in a late evening statement on Friday also said that apart from other factors, pent-up demand coupled with festive season sales have also contributed to the oversales volume of October and November so far. "There has been a 10-13 per cent increase in order taking this year on Dhanteras when compared to the same period last year. Dhanteras in 2020 has been celebrated over two days in various parts of the country and hence in terms of retail sales also, we have witnessed a 12 per cent growth when compared to Dhanteras last year," Naveen Soni, Senior Vice President, Sales & Service, Toyota Kirloskar Motor (TKM) said in the statement. TKM is hoping that sales in November will be more bullish when compared to October sales, he said. Dhanteras is an auspicious day for buying gold, silver

Jewellers see Dhanteras sales jumping 33% over last year on low gold price

Fall in the price of gold the past one week and from the August's peak has sparked expectations of a better show

Gold worth Rs 20,000 crore sold on Dhanteras, says jewellers body

IBJA's national secretary Surendra Mehta told IANS that last year, gold sales were about Rs 12,000 crore

Price hike, Covid take sheen of Dhanteras; gold, silver sales dip up to 35%

The buying was heavily restricted to light weight jewellery, coins and precious stones due to lower purchasing power and high gold rates, they said

Gold rises Rs 241, silver gains Rs 161 on festival buying: HDFC Securities

Silver also gained Rs 161 to Rs 62,542 per kg, compared with Rs 62,381 per kg on Thursday

Titan, TBZ: Trading strategies for jewellery-related stocks on Dhanteras

Titan Company is hovering around the resistance of Rs 1,300 levels.