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Losing Lustre: India's Dhanteras gold, jewellery sales seen down 15-16% on year at 25-30 tn

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Losing Lustre

India's Dhanteras gold, jewellery sales seen down 15-16% on year at 25-30 tn

This story was originally published at 21:21 IST on October 28, 2024  Back
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As India gears up to celebrate Dhanteras on Tuesday, a day traditionally marked by the buying of gold and jewellery, market experts expect a 15-16?cline in demand because of the sharp increase in gold prices. Sales volumes are expected to hover around 25-30 tonnes, down from 30-35 tonnes last year, according to India Bullion and Jewellers Association National Secretary Surendra Mehta.

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