Diwali- Gold Price: This year, the Dhanteras 2021, there may be a big boom in the gold market. Amid the recovery in the Indian jewelry market, bullion traders expect strong sales on Dhanteras this year. With the fears that the third wave of Kovid-19 has subsided, there is enthusiasm among the population for the holiday season as well as a weakening in gold prices at this time. In such a situation, the jewelry market should remain dynamic.
Diwali- The request will be pick up A jewelry industry body said that this year’s festival jewelry sales are expected to reach the pre-Covid level of 2019. The reason is that at present the Price of 10 grams of gold is Rs 46,000 to 47,000 per 22 karat, or about five percent less than in 2020. Along with this, there is now an increase in weddings and matrimonial events.
The luster of gold will increase this year
Last year due to Corona, the market brightness was very low, but this year, along with the holiday season market, gold prices are also increasing. The upward trend in gold prices is expected to continue through Diwali.
Do you know what Ashish Pethe said?
Ashish Pethe, President of All India Gems and Jewelery Domestic Council, told PTI: “The market has shown demand since Navratri. This will also continue on Dhanteras. With the pandemic under control this year, gold prices are expected to drop. And with the intensification of the wedding season, the festive spirit remains high. This year, October-November sales will account for 40 percent of full-year sales. ”The national umbrella body for the gemstone and jewelry industry expects the industry returns to pre-2019 levels in 2021. However, the price of gold is almost 20% higher than the 2019 level.
Diwali- Senco Gold & Diamonds Ltd. can increase by 15 to 20 percent. Suvenkar Sen CEO said, “Sales are expected to return to pre-COVID-19 levels with a 15-20% increase over last year. After two years of mental anxiety and challenges, customers want to spend and invest in jewelry for their happiness and wealth creation. “
