Dhanteras 2023: Gold and silver prices fall before Diwali, shopkeepers expect huge sale!

Dhanteras 2023: Gold and silver prices fall before Diwali, shopkeepers expect huge sale!

Dhanteras 2023: Today, the festival of Dhanteras is being celebrated with great pomp across the country. In such a situation, purchasing gold, silver and diamond jewelery is considered very auspicious on this occasion. Just before Dhanteras and Diwali, a decline in the price of gold has been recorded. It is noteworthy that on October 28, the price of gold had reached Rs 63,000 per 10 grams. After this, its price has decreased by Rs 800 to Rs 1500 and currently it remains at the level of Rs 61,500 to 62,000. According to PTI news, in such a situation, experts hope that the falling price of gold may have an impact on its demand.

Price reduced on Thursday also

Dhanteras and Diwali are the times of the year when maximum gold is purchased. Apart from gold, the sale of silver and other metals also increases on the day of Dhanteras. In such a situation, traders are hopeful that a rise in gold sales may be seen this year as compared to last year. Just a day before Dhanteras, gold prices had fallen by Rs 400 in the bullion market in the capital Delhi and on Thursday the price had reached Rs 60,950 per 10 grams. Talking about last year, on the occasion of Dhanteras, gold was sold in Delhi at Rs 50,139 per 10 grams. Generally, every year on the day of Dhanteras, 20 to 30 tonnes of gold is purchased across the country.

Huge sales are expected

Dinesh Jain, Director of All India Gems and Jewelery Domestic Council, while talking to PTI, expressed the hope that today he expects good sales on the occasion of Dhanteras. After the fall in the price of gold in the last 10 to 15 days, many people may think of buying light weight jewellery. You can also buy many silver coins there. To attract customers, many jewelers are also giving huge discounts on making charges. In such a situation, its effect can also be seen on the sale of gold. Former Chairman of All India Gems and Jewelery Trade Federation has said that prices will definitely affect demand.

Gold gave tremendous returns in one year

Deveya Gaglani of Axis Securities, while talking to PTI, said that in the last one year, gold has given returns of about 20 percent to investors. In such a situation, this return is more than many good shares. Seeing the gains in gold, Deveya Gaglani has expressed hope that this year also people can invest in gold for excellent returns. Traders hope that a rise in gold sales can be seen after 12 noon. 

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