Gold prices, marking an 11% rise in 2023 due to economic and geopolitical uncertainties, have altered the spirit of Dhanteras buyers. Ahead of the auspicious festival, jewellers report a mixed scenario: some experiencing enthusiastic buyers, while others note lukewarm responses. Prices near Rs 60,000 per ten grams have impacted the demand. Nagpur-based Rokde Jewellers see a 30% surge in bookings due to religious sentiments and the weekend Dhanteras. However, Delhi-based Resham Group faces a 25% dip in inquiries, attributing it to elevated prices. The gold market’s future will be influenced by geopolitical dynamics, hinting at a bullish trend by 2024, according to industry experts.
Dhanteras Gold Buying: Mixed Response Due to High Prices
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