Jewellers report brisk Dhanteras sales as gold price drop lures buyers; volumes seen flat

The Economic Times · PTI · 2026-11-06 15:12 UTC

Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).

Mumbai/New Delhi: Jewellers reported strong demand for gold and silver on Dhanteras on Friday, with gold sales by value expected to rise 15-20 per cent to about Rs 60,000 crore, as a recent drop in prices drew buyers, industry officials said.

Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).

Dhanteras, which falls two days before Diwali, is considered the most auspicious day in the Hindu calendar to buy precious metals.

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