scorecardresearchAround ₹40,000 crore of business expected during 2-days of Dhanteras: CAIT

Around 40,000 crore of business expected during 2-days of Dhanteras: CAIT

Updated: 22 Oct 2022, 05:24 PM IST
TL;DR.
Dhanteras, the first day of Diwali, is considered auspicious to buy new items, especially gold, silver jewellery, all kinds of utensils, kitchenware, vehicles, clothes and readymade garments, electronics, electrical goods among others.
New Delhi, Oct 22 (ANI): A woman choosing gold jewellery on the occasion of Dhanteras festival at Karol Bagh, in New Delhi on Saturday. (ANI Photo)

New Delhi, Oct 22 (ANI): A woman choosing gold jewellery on the occasion of Dhanteras festival at Karol Bagh, in New Delhi on Saturday. (ANI Photo)

(PTI) Around 40,000 crore of business is expected to be generated on this Dhanteras, which is spread over the weekend, on the back of positive consumer sentiment, the Confederation of All India Traders (CAIT) said on Saturday.

Dhanteras, the first day of Diwali, is considered auspicious to buy new items, especially gold, silver jewellery, all kinds of utensils, kitchenware, vehicles, clothes and readymade garments, electronics, electrical goods among others.

This year Dhanteras is spread over the weekend, with the muhurat beginning from 2 pm on Saturday till 6 pm on Sunday.

"Around 40,000 crores of business" is expected on two days festival of Dhanteras, CAIT national president B C Bhartia said in a statement.

All India Jewellers and Goldsmith Federation national president Pankaj Arora said there is great enthusiasm among jewellery traders across the country regarding the sale of Dhanteras on Saturday and Sunday, for which the industry has made elaborate preparations.

There is also demand for artificial jewellery that is also visible in the markets this year, while gold, silver coins, notes and idols are also likely to be bought in large quantities on Dhanteras, he added.

First Published: 22 Oct 2022, 05:24 PM IST