Gold prices high? Forget that! Buyers take Dhanteras 2018 by storm
A continuous inflation in gold prices did not deter buyers on the auspicious occasion of Dhanteras 2018, which is seen as a shopping fiesta across India. Buying gold and silver on this day is believed to be auspicious. Dhanteras day is the beginning of the festive period leading up to Diwali. According to data, a whopping estimated growth of 15% has been noticed in overall sales!
Dhanteras 2018: Gold sale
Initially, the sale was quite slow but it skyrocketted on Dhanteras 2018 evening. (Image courtesy: Reuters)
Dhanteras 2018: Gold ornaments
On Dhanteras 2018, ornaments were very much in demand. This was mostly due to the upcoming marriage season. (Image courtesy: Reuters)
Dhanteras 2018: Gold coins
However, personal finance was very much on buyers' minds. More than even ornaments, gold coins emerged as first choice. Since making and other charges are not priced into the final rate, they can fetch more value when sold. (Image courtesy: Reuters)
Dhanteras 2018: Gold price in Delhi
The gold shopping bonanza continued despite the shocking price. The price of gold in Delhi hit a six-year high of Rs 32,690 - it was Rs 30,710 in 2017. (Image courtesy: PTI)
Dhanteras 2018: Gold price hike
Nitin Khandelwal, Chairman All India Gem And Jewelry Domestic Council (GJC) said what seemed to have galvanised buyers were reports that gold prices may touch Rs 35,000 to Rs 40,000 mark in upcoming weeks due to the weakening rupee. (Image courtesy: Reuters)