Markets across the country saw strong festive activity on the occasion of Dhanteras. The shopping that began in the morning continued until late at night. Customers showed particular interest in the automobile, real estate and bullion markets. Purchases included gold and silver jewellery, coins, two-wheelers and four-wheelers, as well as land, flats and other properties.
According to initial estimates by trade organisations, business worth more than Rs 1 lakh crore took place across the country this Dhanteras. According to the Confederation of All India Traders (CAIT), gold and silver sales are estimated to have crossed Rs 66,000 crore. Despite high prices, demand for jewellery and silver coins remained steady. Buyers preferred lightweight ornaments and traditional jewellery according to their budgets.
Automobile showrooms also saw heavy customer footfall. At several places, vehicle deliveries continued until late evening. In the real estate sector too, registrations of land, flats and villas were carried out during the auspicious period. Apart from this, good sales were recorded at shops selling electronics, household appliances, utensils, clothes and decorative items.
Traders said people’s enthusiasm for the festival and the tradition of buying on an auspicious occasion were the main reasons behind the momentum in markets. Dhanteras sales have given traders strong expectations ahead of Diwali.
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