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.
A strong appetite for gold on Friday s Dhanteras is expected this year due to auspicious reasons and geopolitical concerns, continuing the 2022 trend driven by pent-up COVID demand.
Compared to last year s Dhanteras, gold prices have jumped 22 per cent and silver prices by 21 per cent, respectively. Gold and silver are good for portfolio diversification, especially in times of geopolitical turbulence.