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Dhanteras gold silver price begins positive note jewellers expect footfalls to increase upto diwali – Business News India

The festival of Dhanteras, being celebrated in two days of the weekend, has got a good start on Saturday. According to Ashish Pethe, president of the All India Gems and Jewelery Household Council, people have been gathering since the beginning of the day. This year Dhanteras is being celebrated over the weekend, we expect the activity in the market to increase. He said consumer sentiment has been good for the last three-four days and sales momentum has been positive. He said that the industry is expecting good business in two days.

Saurabh Gadgil, Chairman and Managing Director, PNG Jewelers said that the number of people in Maharashtra has been very good since morning. People came either to get their already booked jewelery or to buy gold and silver coins. Overall, we expect a good Dhanteras by the end of this week as gold price of Rs 47,000 per 10 grams is also supporting the demand, he said.

Vaibhav Saraf, Director, Aishpra Gems & Jewels, Uttar Pradesh, said that after two years, this time there is hope for a good Dhanteras. Saiyam Mehra, Vice President, All India Gem and Jewelery Domestic Council said that Zaveri Bazaar in Mumbai is witnessing a rush of people and it will increase further on Sunday.

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Suvankar Sen, Managing Director and CEO, Senco Gold & Diamonds said that since Friday, there has been a lot of positivity in the market. He said, since this year Dhanteras falls on the weekend, we expect it to be very good. Let us tell you that the day before Diwali, Dhanteras is considered an auspicious day to buy gold and silver.

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