Jewellery markets across India witnessed a glittering Dhanteras this year, with robust demand driving sales to an estimated Rs 85,000 crore over two days, according to the All India Gem and Jewellery Domestic Council (GJC).
The Confederation of All India Traders (CAIT) on Sunday stated that trade during the festive season is expected to surpass a record Rs 5 lakh crore, with offline markets witnessing a surge, even as online sales experience a sharp decline.
With consumers in both urban and rural areas showing greater flexibility in spending, driven by GST reforms and easing inflation, Fast-Moving Consumer Goods (FMCG) companies have begun setting more ambitious growth targets.
Gold prices in India are expected to maintain an upside bias for the rest of 2025, driven by a projected uptrend in global gold prices and a weakening Indian rupee, according to a report by ICICI Bank Global Markets.
Special security measures have been put in place at key markets, crowded public places, and commercial hubs with high footfall. Delhi Police has deployed an adequate number of personnel across all districts, assisted by Central Armed Police Forces (CAPF) as force multipliers to strengthen
As the festival of Dhanteras ushers in the auspicious Diwali celebrations, markets and jewellery shops across India are witnessing a heavy footfall of customers purchasing gold, silver, and utensils, considered symbols of prosperity.
A renewed sense of enthusiasm and momentum has been felt across markets, industry, business circles, and among the general public, following recent reform in tax slabs of the Goods and Services (GST), said Union Commerce and Industry Minister Piyush Goyal during a press conference co-headed
Dhanteras marked the onset of Diwali festivities across India on Saturday, with bustling markets and enthusiastic buyers flocking to purchase gold, silver, utensils, and other auspicious items. Despite soaring gold prices, consumer enthusiasm remained high, providing a festive boost to local
Traders attributed the slowdown in festive business to multiple factors, including the aftermath of the state's recent natural disasters, inflationary pressures, and the growing preference for online shopping. Local restrictions on vehicular movement in key market areas also added to the
As the five-day Diwali festivities began with Dhanteras, gold and silver shops in Jaipur saw heavy footfalls on Saturday. From traditional gold ornaments to silver coins and idols, shoppers thronged the city's famous sarafa lanes and high-end jewellery showrooms to make their auspicious pur
Chief Minister Yogi Adityanath issued strict instructions regarding festivals and celebrations, stating that not even the slightest negligence will be tolerated during festivals and all officers should remain active in the field, an official release from Uttar Pradesh CMO said.