News Business Gold sales down by 50% on Dhanteras day

Gold sales down by 50% on Dhanteras day

New Delhi: Gold sales on Dhanteras day today are down by about 50 per cent despite lower price as sluggish demand for bars and coins amid high inflation and weak economic outlook dimmed the sparkle



Availability of bars and coins are scarce this year due to import curbs, Hundia said.

Marriage demand for jewelleries was strong.

It was a ‘mixed response' otherwise for from consumers on this auspicious occasion, traders said.

Sale in gold jewellery is expected to be almost at last year's level. Buying is still happening. Final sale figures are expected late night,” Soni said.

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