Will high gold price play spoilsport on Dhanteras?

Quick Summary:

Gold prices have surged by 25-30% since last Dhanteras, reaching near record highs both domestically and internationally.

This increase has led to concerns among jewellers about a potential drop in sales this festive season.

Demand has shifted towards lower-priced gold jewellery, with overall sales expected to decrease by around 20%.

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Article Details

Author / Journalist: Swati Bharadwaj

Category: EconomyBusiness

Markets: IndiaAfghanistanCanadaPakistan

Topics: Dhanteras Jewellery sales Diwali Business news Gold price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 02:47:35 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23304977

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 13 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

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