Dhanteras

Gold, silver ETF volumes up 5-fold in Dhanteras compared to last year

Gold and silver ETFs from Nippon India Mutual Fund, the largest in the category, alone recorded a combined volume of Rs 228 crore

Dhanteras special: RBI brings home 102 tonnes of gold; here's why

According to the RBI's latest report on foreign exchange reserves, as of the end of September, the central bank holds 855 tonnes of gold, with 510.5 tonnes now stored domestically

Delhi Metro changes schedule for Diwali; last train to commence at 10 pm

To manage the expected increase in passengers during the festive period, the DMRC added 60 extra trips on Tuesday and Wednesday

Gold sparkles less this Dhanteras, silver shines; digital buying picks up

Conservative buyers gravitated toward Shagun coins, while younger ones chose lightweight or 18k jewellery

Dhanteras 2024: Amazon India sees 5-fold jump in sales in luxury fashion

Sales of premium watches jump 6-fold during the ongoing festival season

Gold demand strong as import duty cut boosts Dhanteras buying: MMTC-PAMP

The gold demand in the country has strengthened during the key festival of Dhanteras, buoyed by a recent reduction in import duties and traditional buying patterns, a senior MMTC-PAMP official said on Tuesday. "The market sentiment for gold remains robust this Dhanteras season, with sustained demand for our pure gold products," MMTC-PAMP Managing Director and CEO Vikas Singh told PTI. The reduction in import duty from 15 per cent to 6 per cent has amplified festival season purchases, with consumers showing a strong preference for high-purity gold products, he said. "Customer preference for quality and purity continues to be a key driver in purchase decisions, particularly for our 24K gold products with 99.99 per cent + purity," Singh added. The positive momentum is expected to continue into the upcoming wedding season, which traditionally accounts for approximately half of India's annual gold consumption, Singh said. He noted that beyond seasonal factors, gold demand benefits from

Dhanteras festivities spark Rs 60,000 cr sales; China faces Rs 1.25 tn loss

This festive season, traditional markets like Chandni Chowk are bustling with buyers, particularly for gold, silver, and brass items, with gold sales alone estimated at Rs 20,000 crore

Dhanteras 2024: History, traditions, and what to buy for good fortune

Dhanteras is traditionally seen as highly auspicious for purchasing gold, silver, and valuables to welcome wealth and fortune into homes

BigBasket, Blinkit, Swiggy deliver gold, silver in 10 min this Dhanteras

Dhanteras 2024: Quick commerce platforms are offering 10-min delivery of gold from major jewellers including Tanishq and Malabar amid the festive rush

Dhanteras begins on slow note; jewellers expect footfalls to rise

Dhanteras has begun on a slow note and jewellers expect footfalls to pick up and sales to increase even as the high gold price is likely to dampen the festive demand for the yellow metal. "Being a weekday we are seeing few footfalls in the morning hours as people are going to attend office. However, we are expecting the rush from afternoon, that is 2-2.30 pm, till late evening," All India Gem And Jewellery Domestic Council chairman Saiyam Mehra told PTI. He said, volume-wise sales will be impacted due to the ruling high gold prices and expect to do business either 5 per cent lower than last year or same as last year this Dhanteras, which is considered an auspicious day for purchasing precious metals, gold and silver jewellery. "We are expecting 20 tonnes of sales this Dhanteras, which is the same as last year, however, higher gold prices may impact the sales," he added. Gold prices fell Rs 400 to Rs 81,100 per 10 grams in the national capital on Monday. The precious metal of 99.9 p

Dhanteras gems and jewellery sales may cross Rs 30K cr amid rising prices

Dhanteras and Diwali demand for gems and jewellery this year is anticipated to remain strong despite rising prices, with Diwali sales potentially crossing Rs 30,000 crore in the domestic market, according to industry experts. Price hikes in precious metals are prompting consumers to view gold as a reliable asset, while silver is gaining popularity among people due to its relatively lower price and high industrial demand. Some experts estimate sales growth in value terms of 10-15 per cent year-on-year this Diwali across the country, though there may be a dent in volume. Silver has emerged as the top performer with returns exceeding 40 per cent, followed by gold at 23 per cent, significantly surpassing stock market benchmark returns. Eastern Regional Chairman of the Gems & Jewellery Export Promotion Council (GJEPC) said, Gold continues to shine due to global uncertainties and geopolitical conditions, while silver is drawing substantial interest as an affordable option. The Council .

Gold ETFs inflow up amid rising prices ahead of Dhanteras: ICRA Analytics

Inflows in Gold Exchange Traded Funds (ETFs) witnessed a surge in the current calendar year, amid gains in yellow metal prices ahead of Dhanteras. Inflows into these funds have increased by nearly 88 per cent since the beginning of 2024, totalling Rs 1,232.99 crore in September, ICRA Analytics said in a statement. Gold prices advanced Rs 450 to hit another record of Rs 79,350 per 10 gram in the national capital on Thursday on the back of continued buying by jewellers and stockists, according to the All India Sarafa Association. Investors are drawn to gold ETFs due to their liquidity, transparency and global price alignment, which remains firm due to geopolitical headwinds. Concerns about physical gold storage, purity and theft have also contributed to the growing interest in such funds, ICRA said. According to ICRA Analytics Senior Vice President and Head Market Data, Ashwini Kumar, the US Federal Reserve's potential interest rate cut in the coming months is further boosting the .

Diwali 2024 to be celebrated on Nov 1: Six-day long festival this year

Diwali 2024 will be celebrated on November 1, as confirmed by over 150 scholars in Indore. Earlier, there was confusion over whether to celebrate on October 31, since both days fall on the Amavasya

CM Khattar highlights schemes aimed at women at Faridabad's Dhanteras event

Haryana Chief Minister Manohar Lal Khattar extended his best wishes on the occasion of Dhanteras at a function here on Friday, and highlighted the government's schemes aimed at empowering women. Speaking as the chief guest at the Dhanteras Mahila Samman Samaroh organised at Surajkund, Faridabad, Khattar said that women play an indispensable role during festivals. The chief minister said that the BJP-ruled central and state governments have implemented special schemes at the grassroots level to ensure widespread benefits for women over the last nine years. At the same event, Union Minister of State for Power Krishna Pal highlighted that the empowerment of women has remained a top priority for the Narendra Modi and Manohar LaL Khattar government. The minister said women's prosperity is tied to society's and the nation's prosperity.

Dhanteras 2023: Appetite for gold products adds glitter this season

Overall sales have seen an increase over last year, but that was in value terms and not in quantity, because of prices being 20 per cent higher than last Diwali

Supporting ayurveda a vibrant example of being vocal for local: PM Modi

Prime Minister Narendra Modi said on Friday that supporting ayurveda is a vibrant example of being "vocal for local" and added the ancient treatment is furthering new paths to wellness. In a post on X to mark Ayurveda Day, which falls on the day of Dhanteras, the prime minister said, "It is an occasion to salute the innovators and practitioners who are blending this ancient knowledge with modernity, propelling ayurveda to new heights globally." He added, "From groundbreaking research to dynamic startups, ayurveda is furthering new paths to wellness. Supporting ayurveda is also a vibrant example of being vocal for local." The prime minister earlier also wished people on Dhanteras.

5 Zodiac signs that will bring wealth and prosperity this Dhanteras

Dhanteras is additionally celebrated as the birth anniversary of the father of Ayurveda, Dhanwantari. This Dhanteras, it is believed there are five zodiac signs that will attract wealth and success

Up to 30% off on gold, diamonds: Dhanteras offers by leading jewellers

From offering up to 30 per cent discounts to exciting cashback offers, top jewellery brands have opened their doors to a plethora of enticing deals and promotions this Dhanteras

Dhanteras 2023: Gold demand robust in festive season as price softens

Pre-Diwali Dhanteras buying of gold and silver in India, the world's largest gold consumer, kick-started on a positive note on Friday on recovery of consumer demand with the softening of gold prices. Gold prices have fallen by Rs 800-1,500 per 10 gram (24 carat) from the peak Rs 63,000-level on October 28 and this has evoked buying on Dhanteras, considered the most auspicious day in Hindu calendar for buying items ranging from precious metals to utensils, with traders expecting gold sales to surpass last year's level. On Thursday, Gold prices plunged Rs 400 to Rs 60,950 per 10 grams in the national capital. Gold prices in Delhi were ruling at Rs 50,139 per ten grams, excluding taxes, on 2022 Dhanteras day. In normal years, about 20-30 tonnes of gold are sold on a Dhanteras day. Traders said footfalls are expected to pick up after 12 noon and will continue till late at night. The best muhurat to buy silver and gold on Dhanteras will start at 12.35 pm on Friday and end at 1.57 pm on

Dhanteras 2023: Jharkhand traders hopeful as post Covid-19 demand soars

Markets in Jharkhand are all geared up for brisk business on the occasion of Dhanteras on Friday, an official of the state chamber of commerce said. People prefer to buy things on the occasion of Dhanteras. Automobile, electronics, home appliances and bullion markets are expected to do brisk business this year, he said. Vice President of the Federation of Jharkhand Chamber of Commerce and Industries (FJCCI) Aditya Malhotra told PTI, "Market has settled down now after the turbulence triggered by Covid pandemic two years back. Purchasing capacity of people has also increased. Overall, we can say the market is in a better mood this year." Malhotra said, "Even though it would not be appropriate to give figures, we are hoping that the overall market would go up by 25 per cent compared to the previous Dhanteras." The automobile sector is likely to do brisk business with a surge in demand for both two-wheelers and four-wheelers. "The demand for SUVs is high. Besides, there is a huge sur