After two consecutive years of disruptions in sale due to the Covid situation, jewellery stores across the country saw a heavy footfall on this Karva Chauth. As per CAIT and AIJGF data, gold and silver jewellery worth around Rs 3,000 crore, a 36 percent rise over the previous year, were sold on Thursday.
Traders’ body Confederation of All India Traders (CAIT) and All India Jewellers and Goldsmith Federation (AIJGF) — the two representative bodies of traders and retailers — in a joint statement said, the sale of gold and silver jewellery across the country on Thursday was around Rs 3,000 crore vis-a-vis around Rs 2,200 crore a year ago.
In Delhi, the price of 24-carat gold was Rs 52,000 and Rs 48,000 for 22-carat gold per 10 grams, while silver was sold for Rs 59,000 per kg.
“October and November are considered very auspicious for the traders of gold and silver across the country from the business point of view. After Karva Chauth, other festivals including Pushya Nakshatra, Dhanteras, Laxmi Pujan, Deepawali, Bhaiya Dooj, Chhath Puja and Tulsi Vivah are also celebrated with much fanfare,” said CAIT’s Secretary General Praveen Khandelwal and AIJGF National President Pankaj Arora.
They further informed that a large stock of lightweight jewellery were purchased by the people while fashion jewellery and traditional gold and silver jewellery also did huge business.
“On one hand there was a huge demand for new fashion jewellery, the stocks of traditional gold and silver jewellery also did huge business. Bridal rings, chains, bangles, collar sets, mangalsutras were in high demand today. On the other hand pazeb, nettle, half kamarband etc. in silver were also bought on a large scale in Tier 2 and Tier 3 cities.”
“They further said that in the last many years the demand for artificial jewellery including chick and polki sets are being demanded in the market accordingly today al-so there was a huge demand of these items by the people,” said CAIT Secretary General Praveen Khandelwal and AIJGF National President Pankaj Arora was quoted in the report.
