The festival of Dhanteras is being celebrated with great pomp across the country today and during this time traders are making huge sales. According to the Confederation of All India Traders (CAT), it is estimated that there will be a business of about Rs 60 thousand crore on Dhanteras this year.
People bought gold and silver jewellery, utensils, clothes, electronics and vehicles. The sale of gold and silver has also increased during the festive season, in which gold worth Rs 20 thousand crore and silver worth Rs 2500 crore have been sold so far. .
The effect of Vocal for Local is visible
The effect of Prime Minister Narendra Modi’s Vocal for Local campaign is clearly visible in the markets. This year, maximum people are seen buying Indian goods, due to which the sales of Chinese goods decreased and China suffered a loss of about Rs 1.25 lakh crore. Happened. Confederation of All India Traders (CAIT), an organization of traders, appealed to the traders to help the potters, artisans and local people by purchasing the goods made by them, so that they too can celebrate Diwali happily.
shopping habits
There is a tradition of shopping on Dhanteras. It is considered auspicious to buy things like gold and silver, utensils, vehicles, mobile, clothes and furniture on this day. Also, there is an ancient custom of buying a broom on this day. By purchasing earthen lamps and decorative items from potters, people are helping in carrying forward the Vocal for Local campaign.
Gold price more than 80 thousand
About 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 about 25 tonnes of gold, worth Rs 20 thousand crores and similarly 250 tonnes of silver was sold across the country, worth about Rs 2,500 crores. Last year, the price of gold was Rs 60 thousand. The price of silver was Rs 70 thousand per 10 grams, which is now more than Rs 80 thousand, and the price of silver last year was Rs 70 thousand, which has now reached Rs 1 lakh. Therefore, despite the decrease in sales in weight, the sales in the form of currency have increased. Apart from this, there was also a huge demand for old silver coins which were sold at Rs 1200 to Rs 1300 per piece in almost the entire country.
