There was a huge demand for gold jewellery for day-to-day wear like chains and bangles. The demand from the young generation was for party-wear lightweight jewellery items like bracelets, earrings, small chains with pendants and even solitaire, he added. 📰 Dhanteras 2023: Gold Sales Volume May Rise Up to 20% Due to Softening Prices.
Jewellers cautiously optimistic about gold demand this Dhanteras; expect 10 per cent rise in sale tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
According to World Gold Council (WGC) India Regional CEO Somasundaram, high gold prices may dampen the sales and total Dhanteras sales may not see the level achieved in 2021 and 2022.
The increase in the demand of precious metals picked up as most of the medium and small shopkeepers have stopped accepting the Rs 2,000 note since RBI's surprise announcement on Friday.