HomeBusinessAfter gold and silver on Dhanteras, these things are fiercely bought, the...

After gold and silver on Dhanteras, these things are fiercely bought, the stock of Corona period has gone

New Delhi. According to the Panchang Tithi, the festival of Dhanteras was celebrated on two days on Saturday and Sunday, in which according to an estimate, the business of more than 45 thousand crores was done while the jewelery business was around 25 thousand crores in two days. The rest of the business of about 20 thousand crores was done in automobiles, computer and computer related items, furniture, items needed for home and office decoration, sweets and snacks, kitchen items, all kinds of utensils, electronics, mobile items. Resources are procured on the day of Dhanteras and in this view, merchants all over the country purchase the necessary resources for the worship and business of Deepawali on a large scale.

BC Bhartia, National President of Confederation of All India Traders (CAT) and National General Secretary Praveen Khandelwal said that the assessment of the rush of customers in the markets across the country for two days and the eagerness to buy Indian goods confirms that two years The customers who are away from the market due to Corona have now come back to the market in full swing and that is why CAT estimates that this year the sales figure of Diwali festival will cross 1 lakh 50 thousand crores and especially In the markets across the country, priority is being given to buy Indian goods only. Due to which China will suffer a loss of more than 75 thousand crores of Diwali related goods this year.

Pankaj Arora, National President of All India Jewelers and Goldsmiths Federation, an affiliate organization of CAIT, said that the Indian gold industry has fully recovered from the Corona crisis and the demand for gold in India has reached its highest level. India’s gold demand grew by up to 80 per cent year-on-year in the domestic market in the July-September quarter after a strong jump in economic activity and improved consumer demand. Arora said that gold imports in India have decreased by about 11.72 per cent in 2022 as compared to 2021. Last year, where India imported 346.38 tonnes of gold in the first half, it was now 308.78 tonnes, which was compensated by the reserve stock of the crisis arising out of the Corona period.

At the same time, a large number of people across the country have made new ornaments, which are also called recycle holds, by giving old ornaments and the stock of the last two years has also been sold in large quantities. He told that due to the two-day Dhanteras festival, there has been a huge sale of gold, silver and diamonds, including jewelry, gold and silver coins, notes, sculptures and utensils, worth about 25 thousand crore rupees across the country.

Bhartia and Khandelwal said that according to an estimate, in addition to jewelry, in two days, about 6 thousand crores in automobile sector, about 1500 crores in furniture, about 2500 crores in computer and computer related goods, about 3 thousand crores in FMCG, electronics goods About 1 thousand crores, in stainless steel, aluminum and brass utensils about 500 crores, in kitchen appliances and other kitchen items, about 700 crores, in textile, readymade garments and fashion clothes, about 1500 crores have been traded while Diwali There has also been a huge trade in worship items, home and office decorations, electrical and electrical appliances, stationery, builder hardware, wood and plywood etc.

Diwali will be celebrated across the country on 24 October, while on October 25, due to solar eclipse, the season of Diwali festival with Shri Govardhan Puja and Annakoot Mahotsav on 26 October, Bhaiya Dooj on 27 October followed by Chhath Puja and Tulsi Vivah on 5 November. It will be successful and traders across the country have high hopes that there will be a huge increase in sales even in the remaining days of Diwali festival.

Tags: Dhanteras, Diwali, Gold

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