Dhanteras begins on positive note; jewellers expect footfalls to increase
Mumbai: Dhanteras, spread over two days of the weekend, got off to an auspicious start on Saturday as consumers began trickling in to markets, with jewellers expecting the momentum to increase towards the evening.
Dhanteras, which marks the first day of Diwali in India, is considered an auspicious occasion to buy gold and silver as part of Hindu festivities.
"Since the day has just begun, the footfalls are just trickling in. As this year Dhanteras is spread over the weekend, we expect the momentum to increase towards the afternoon and evening and tomorrow.
"Mainly, since morning people who had pre-booked, are coming to pick up the items to avoid the crowd," All India Gem And Jewellery Domestic Council chairman Ashish Pethe said.
Since the last 3-4 days the consumer sentiment has been good and the sales momentum has been positive. The industry expects a good two days of business, he added.
PNG Jewellers Chairman and Managing Director Saurabh Gadgil said in Maharashtra, the footfalls have been quite good since morning as people are coming in to either pick up their pre-booked jewellery or to buy gold and silver coins.
"We are seeing a good amount of people flocking in to pick up their pre-booked items. Also, a lot of young people are coming in to purchase gold and silver coins this year.