Jewellers see Dhanteras sales jumping 33% over last year on low gold price

Fall in the price of gold the past one week and from the August's peak has sparked expectations of a better show

Gold buyers were out in good numbers on Friday at Mumbai’s Zaveri Bazaar, the most well-known jewellery hub in the country, adding sparkle to Dhanteras. The mood was upbeat across most major cities on the biggest gold buying occasion, after Akshaya Tritiya. Despite the pandemic, jewellers estimated the day’s sales had crossed the previous Dhanteras levels easily.    

  

The fall in gold price in the past one week and also from the peak in August contributed to the rush, according to industry watchers. This follows a near washout during the last marriage season and Akshaya Tritiya because of the lockdown. With