Diwali festive sale breaks 10-year record at Rs 1.25 trillion: CAIT
3 years, 1 month ago

Diwali festive sale breaks 10-year record at Rs 1.25 trillion: CAIT

News 18  

After a year of mellow Diwali celebrations due to the COVID-19 pandemic, revellers thronged markets for festival purchases this year, helping generate business worth Rs 1.25 trillion. According to the Confederation of All India Traders, this trade figure broke the past 10 year’s sale record on Diwali, Business Standard reported. The trader’s body that represents nearly 70 million traders, said the incredible Diwali 2021 sale ended the economic slowdown that had persisted for the last two years. CAIT National President BC Bhartia and Secretary General Praveen Khandelwal said: “In this year’s Diwali festival, there is an estimated business of about Rs 1.25 lakh crore rupees in the entire country which is a record figure ever attained in the last decade.

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History of this topic

Gold, Silver Sales Jump Post-Diwali
1 month, 1 week ago

Gold, Silver Sales Jump Post-Diwali

Deccan Chronicle  

Chennai: In a rarity, bullion market is witnessing a surge in demand post-Diwali. With gold and silver prices witnessing a significant correction in the past few days, retailers are seeing demand for jewellery as well as coins going up, while the trade has started importing the precious metals more. Gold, which was trading at Rs 79,775 per 10 gm as …

Best Time to Buy Gold and Silver on Dhanteras: A Guide for Prosperity and Wealth
1 month, 4 weeks ago

Best Time to Buy Gold and Silver on Dhanteras: A Guide for Prosperity and Wealth

India Today  

The article discusses the best time to buy gold and silver on Dhanteras, the first day of the Diwali festival. According to the article, the muhurat for buying metals begins on October 29 at 10:31 a.m. and extends until 1:15 p.m. on October 30. The peak muhurat falls between 12:01 a.m. and 2:45 a.m. on October 29, making it an …

Gold vs silver: Which is better for Diwali 2023 Muhurat trading — explained
1 year, 1 month ago

Gold vs silver: Which is better for Diwali 2023 Muhurat trading — explained

Live Mint  

Diwali 2023 Muhurat trading: In India, new investments on Diwali is considered auspicious as it is believed that such investments bring prosperity and sound financial condition. Even though Indian millennials have strated investing in various other tools like properties, mutual funds, bonds, etc on Diwali, gold and silver still score over these investment options by huge margin. However, silver has …

A corner of Bharat craves a Diwali shimmer
1 year, 1 month ago

A corner of Bharat craves a Diwali shimmer

Live Mint  

Churu, Rajasthan: It’s forenoon Saturday in Rajgarh, a rural town in Churu district of Rajasthan. The K phenomenon After the pandemic, rural incomes have slid, impacting demand for mass consumption items, be it shoes, utensils, or ready-made garments sold by small retailers like Poddar and Agarwal. Similarly, in the September quarter, sales of entry level motorcycles, which has a higher …

Dhanteras 2023: Check Prices Of Lakshmi-Ganesh And Victoria Silver Coins
1 year, 1 month ago

Dhanteras 2023: Check Prices Of Lakshmi-Ganesh And Victoria Silver Coins

News 18  

Dhanteras, the occasion that marks the start of one of the most important festivals Diwali, will be observed on November 10 this year. Ahead of the festival, the Lakshmi-Ganesh and the Victoria silver coins are in huge demand in the markets. Like every year, the purchase of these coins in the denominations of 5 gm, 10 gm, 20 gm and …

CAIT estimates ₹4.25 trillion business from 23 days of Indian wedding season
1 year, 2 months ago

CAIT estimates ₹4.25 trillion business from 23 days of Indian wedding season

Live Mint  

The Confederation of All India Traders estimates a business worth ₹4.25 trillion in just 23 days of this year's Indian wedding season. In the period between November 23 and December 15, around 3.5 million weddings are expected to be held, as per a survey conducted by CAIT Research & Trade Development Society. In the comparable period last year, a total …

Gold Gives 17.45 percentage Returns Since Last Diwali
1 year, 2 months ago

Gold Gives 17.45 percentage Returns Since Last Diwali

Deccan Chronicle  

Chennai: Gold has appreciated 17.45 per cent in the Indian market since last Diwali and this is the highest gain since 2020. Compared to the Diwali gold rate of Rs 29,871 in 2013, the metal has appreciated 99 per cent in 2023, doubling in 10 years. In the last 10 years, silver prices during the Diwali time have appreciated 46 …

Diwali 2022: Gold, jewellery sales glitter during 2-day Dhanteras; higher footfalls after Ind-Pak match
2 years, 2 months ago

Diwali 2022: Gold, jewellery sales glitter during 2-day Dhanteras; higher footfalls after Ind-Pak match

India TV News  

Diwali/Dhanteras 2022: Two-day festival of Dhanteras saw robust sales of gold, jewellery and coins this year on strong pent up demand with the jewellery industry expecting up to 35 per cent growth in the business over the last year. We expect a 10-15 per cent increase in sales from the 2021 level on strong pent up demand after the pandemic," …

Migratory roadside vendors in Hyderabad hopeful of decent Diwali earnings
2 years, 2 months ago

Migratory roadside vendors in Hyderabad hopeful of decent Diwali earnings

Deccan Chronicle  

HYDERABAD: The festival of lights has drawn many small vendors from across the country to the city, in the hope of making money by selling decorative items, curios and idols. Sales have not been so good so far.” Another footpath vendor, Sachin Dhandariya from Malegaon in Maharashtra, has brought along his wife Neetu and two kids. Dhandariya said, “We sell …

Festive shopping sees an upswing after two years this Diwali
2 years, 2 months ago

Festive shopping sees an upswing after two years this Diwali

Hindustan Times  

Mumbai After the pandemic-induced lull of the past two years, this festive season has seen an increase in sales from gold to dry fruit and even homes, industry bodies said. Gold sales are especially high this year, said Kumar Jain, the spokesperson for India Bullion and Jewellers Association, adding that sales may double the usual numbers and reach up to …

Gujarat: Diwali brings bumper sale for Surat, spike seen in textile, electronics and jewellery
3 years, 1 month ago

Gujarat: Diwali brings bumper sale for Surat, spike seen in textile, electronics and jewellery

Op India  

Diwali 2021 brought broad smiles to the faces of business owners in Surat. On the other hand, the jewellery sector saw sales figures close to 500 crores and the electronics sector saw sales up to 350 crores. सूरत के कारोबारियों के लिए यह दीवाली बंपर रही।महज 2 महीने में, टेक्सटाइल- 13000 करोड़, ज्वेलरी- 500 करोड़, इलेक्ट्रॉनिक्स -350 करोड़ का व्यापार …

Diwali sale crosses record Rs 1.25 lakh crore in 10 years: Traders' body
3 years, 1 month ago

Diwali sale crosses record Rs 1.25 lakh crore in 10 years: Traders' body

India Today  

This year's Diwali business sales crossed Rs 1.25 lakh crore, which is a record trade figure in the last 10 years, said the Confederation of All India Traders on Friday. CAIT Secretary General Praveen Khandelwal said,"This year's Diwali festival, there is an estimated business of about 1.25 lakh crore rupees in the entire country, which is a record figure ever …

Diwali 2021: Demand For Gold Soars In India Due To Diwali, Dhanteras And Wedding Season
3 years, 1 month ago

Diwali 2021: Demand For Gold Soars In India Due To Diwali, Dhanteras And Wedding Season

ABP News  

New Delhi: Diwali, Dhanteras festivals and wedding season have led to a sharp rise in demand for Gold in India. India's gold demand rose 47 per cent to 139.1 tonnes on an annual basis in the July-September quarter. The Gold Demand Trends 2021 report for the third quarter of the WGC states that the total demand in the country stood …

Diwali bonanza! Shop your heart out for guaranteed prize of gold or silver coins - here's how
3 years, 1 month ago

Diwali bonanza! Shop your heart out for guaranteed prize of gold or silver coins - here's how

India TV News  

The festive season is around the corner and it's raining gold and silver this time. India's leading retail chain Big Bazaar has announced Dhanotsav Shopping Festival wherein customers get a chance to win gold and silver coins. It said that customers will get a guarantee about winning silver or gold coins depending on their spending. For 2 gm and 3 …

Diwali Season Marked Bumper Sale of Rs 70,000 Cr Across Various Sectors Amid Ban on Chinese Goods: CAIT
4 years, 1 month ago

Diwali Season Marked Bumper Sale of Rs 70,000 Cr Across Various Sectors Amid Ban on Chinese Goods: CAIT

News 18  

Traders generated about Rs 72,000 crore amid robust sales across various sectors this Diwali despite Covid-19 pandemic, showed an internal survey by the Confederation of All India Traders. The sales during this festive season gave China an expected loss of Rs 40,000 crore in view of ban on Chinese goods called by the traders’ body. Only the last year’s leftover …

Planning to buy gold coins this Dhanteras-Diwali? A quick guide before you proceed
4 years, 2 months ago

Planning to buy gold coins this Dhanteras-Diwali? A quick guide before you proceed

India TV News  

Gold has been traditionally one of the safest modes of investment in India. For those who are looking to buy gold coins or jewellery, here are a few things you need to know: Gold Purity: Karat and Fitness Many think that buying jewellery is difficult because you find it tough to select the design than a gold coin or bar. …

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