Dhanteras 2023: Gold, Silver transaction touched Rs 30,000 crore on Day 1

Dhanteras 2023: In a dazzling start to the five day Diwali celebration, the Gold and Silver transaction on Dhanteras reached Rs 30,000 crore. Sale of automobile, utensils, kitchen equipment, electronics and brooms also ignited.

Dhanteras Purchase

As per Confederation of All India Traders (CAIT), trade across India on Dhanteras day surpassed Rs 50,000 crore with Delhi alone contributing Rs 5,000 crore. Along with gold and Silver, other items like idols of deities Shri Ganesh, Shri Lakshmi and Shri Kuber; vehicles, gold and silver ornaments, as well as items like utensils, kitchen appliances, and electronics, and brooms - which are considered auspicious to buy also saw a spike in sales.

Moneycontrol quoted the National President of All India Jewelers and Goldsmiths Federation Pankaj Arora and said the turnover from the sales of gold, silver and other items was Rs 30,000 crore from across the country.

The gold goods trade was approximately Rs 27,000 crore and silver transactions of Rs 3,000 crore. Last year on Dhanteras, an estimated business of Rs 25,000 crore was recorded.

The price of Gold last year was Rs 52,000 per 10 gm whereas on November 10 it was Rs 62,000 per 10 gm. On the other hand, silver was sold for Rs 58,000 per kg last Diwali and now it is priced at Rs 72,000 per kg.