Dhanteras gold rush in Nashik jewellery stores

NASHIK: The yellow metal had a glittering run in the jewellery market on the occasion of Dhanteras on Tuesday, as customers flocked the showrooms to buy gold and silver ornaments.
The jewellery market in Nashik city registered a business of Rs 75 crore, which was two-and-a-half times more than last year on Dhanteras, which was about Rs 30 crore.
On the auspicious day of Dhanteras some buy silver idols of Laxmi – the goddess of wealth.Chetan Rajapurkar, a senior member of Nashik Jewellers’ Association said, “Our business had been affected during the past one-and-a-half years due to the pandemic. But after the improvement in the Covid scenario, the market sentiments have also improved. On Dhanteras last year, there were Covid restrictions and the footfall of customers was low.”
Rajapurkar, who is also the Maharashtra director of India Bullion and Jewellers’ Association (IBJA), said, there was a huge rush of customers throughout the day to buy gold.
“Gold coins, bars and ornaments were most in demand. Some customers also bought silver Laxmi idols,” said Rajapurkar.
Gold prices have declined by around Rs 3,500 per 10 gm in the past one year.