Gold and silver rush in the festive season (Image: File Image)
\n\nIndia's festive retail market is gearing up for a major shopping boom this Dhanteras, with nationwide business activity projected to exceed Rs 1 lakh crore on Friday. Gold and silver purchases are expected to make a substantial contribution, accounting for more than Rs 60,000 crore, according to the Confederation of All India Traders (CAIT).
\n\nDespite elevated prices of precious metals, buyers appear keen to maintain their traditional Dhanteras shopping habits. Jewellery, silver coins and auspicious gifts continue to attract customers, highlighting the importance of the festival for India's retail and jewellery sectors.
\n\nThe latest estimates suggest that expensive gold has not significantly weakened festive sentiment. Instead, consumers are adjusting their shopping choices to accommodate higher prices while continuing to participate in the annual buying tradition.
\n\nGold And Silver Purchases Expected To Drive Dhanteras Business
\n\nAccording to CAIT, the festival is likely to generate more than Rs 1 lakh crore in overall trading activity across the country. Gold and silver transactions alone are projected to cross Rs 60,000 crore, making precious metals a major contributor to the expected festive turnover.
\n\nDhanteras traditionally witnesses increased demand for gold, silver and other…
Original source: https://www.timesnownews.com/business-economy
