Jewellers expect fall in gold prices to boost Dhantera sales
Coins and bars are expected to lead sales, driven by investment sentiment and gifting traditions, say stakeholders
Leading jewellers anticipate a significant boost in Dhanteras sales due to the recent sharp decline in gold prices. After peaking at over ₹1.75 lakh to ₹1.80 lakh per 10 gm in January, gold prices have corrected by roughly 20-25 per cent, though they have since increased by ₹6,000/10 gm. Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council, predicts sales of about 75 tonnes during Dhanteras this year, down from 100 tonnes last year.
Sachin Jain, CEO of India, World Gold Council, expects strong demand across all categories, with high-value premium jewellery seeing increased traction.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
