Pune: Dhanteras Buying Picks Up As Gold, Silver Rates Fall
Pune: With 24-carat gold priced at ₹1.41 lakh per 10 grams and silver at ₹1.87 lakh per kg, jewellery stores across Pune witnessed enthusiastic buying on Dhanteras on Friday. The significant decline in precious metal prices from their earlier highs encouraged customers to purchase gold ornaments, silver coins, idols and other traditional items during the auspicious festival. Vastupal Ranka, owner…
Pune witnessed a surge in jewelry purchases on Dhanteras as gold and silver prices dropped to their lowest in nine months. At Ranka Jewellers in Kothrud, 24-carat gold was priced at ₹1.41 lakh per 10 grams, while silver was sold at ₹1.87 lakh per kg. Vastupal Ranka, the store owner, attributed the price decrease to the current festive season's positive outlook.
Customers were seen enthusiastically buying gold ornaments, silver coins, idols, and traditional items. Mangalsutras, necklaces, and lightweight gold designs like 9-carat and 14-carat ornaments gained popularity. Silver idols, figurines, and coins were also in demand. Customers attributed their strong purchasing power to the lower metal prices and the belief that spending on this auspicious day brings prosperity throughout the year.
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