Most jewellers have also posted a sharp increase in lightweight gold jewellery sales for gifting and diamond ornaments for wedding and self-consumption
Dhanteras was a muted affair in most markets across the country with traders complaining of lesser footfall and reduced consumer spending
The sector's gross exports declined by 9.32 per cent to $12.15 billion between April and July compared to $13.39 billion during the same period last year, according to data
Jewellers see better business sense in the grey market
Kalyan Jewellers Chairman and Managing Director T S Kalyanaraman said, "On this Akshaya Tritiya, we expect to see customers returning to the eternal value of gold"