business in dhanteras
The festival of Dhanteras is celebrated today with great pomp across the country and during this time merchants make huge sales. According to the Confederation of Indian Traders (CAT), it is estimated that there will be a business of around Rs 60,000 crore in Dhanteras this year.
People bought gold and silver jewelry, utensils, clothing, electronics, and vehicles. The sale of gold and silver has also increased during the festive season, where gold worth Rs 20,000 crore and silver worth Rs 2,500 crore have been sold so far.
The effect of Vocal for Local is visible
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The effect of Prime Minister Narendra Modi’s Vocal for Local campaign is clearly visible in the markets. This year, most of the people are seen buying Indian products, due to which the sales of Chinese products decreased and China suffered a loss of about Rs 1.25 lakh crore. Happened. The Confederation of Indian Traders (CAIT), an organization of traders, has appealed to traders to help potters, artisans and local people by purchasing the products made by them, so that they too can happily celebrate Diwali.
purchasing habits
There is a tradition of shopping on Dhanteras. It is considered auspicious to buy things like gold and silver, utensils, vehicles, mobiles, clothes and furniture on this day. In addition, there is an ancient custom of buying a broom on this day. By purchasing clay lamps and decorative items from potters, people help run the Vocal for Local campaign.
Gold price more than 80 thousand.
Around four lakh small and big jewelers work in the country. There are 2 lakh jewelers registered with the Bureau of Indian Standards, who today sold around 25 tonnes of gold, worth Rs 20,000 crore and similarly, 250 tonnes of silver were sold across the country, worth about Rs 2,500 crore last year. of gold was 60 thousand rupees, the price of silver was 70 thousand rupees per 10 grams, which is now more than 80 thousand rupees, and the price of silver last year was 70 thousand rupees, which has now reached 1 lakh rupees. Therefore, despite the decrease in sales weight, sales in currency form increased. Apart from this, there was also a huge demand for ancient silver coins which were sold for between Rs 1,200 and Rs 1,300 a piece almost across the country. .
