On Dhanteras, people across the country bought gold worth Rs 20 thousand crores, up 33% over last year
new Delhi. Due to Corona Crisis, gold and silver procurement in Dhanteras (Dhanteras 2020) has seen a huge increase amidst the country’s falling economy. The jewelers have made a lot of profit on this special occasion. On the auspicious time of Dhanteras across the country, the sale of gold has been more than 33 percent this year.
If we talk about statistics, then people have purchased gold worth about 20 thousand crore rupees in the whole country. According to data from the India Bullion and Jewelers Association (IBJA), in the midst of the Corona crisis, people have purchased gold worth about 40 tonnes, ie Rs.20,000 crore.
The biggest thing is that despite the low price of gold last year, such a huge purchase could not be done, but this time, despite the Corona crisis and the rise in prices, people have bought fiercely.
IBJA National Secretary Surendra Mehta said in a statement that 33 percent more purchases have been made this year than last year. Last year, where gold worth about Rs 12,000 crore was sold, this year on the occasion of Dhanteras, it has sold Rs 20,000 crore. Last year, 30 tonnes of gold was sold, while 40 tonnes of gold is sold this year.
Rise in the price of gold and silver
Despite the increase in the prices of gold and silver on the occasion of Dhanteras, there have been more purchases than last year. According to IBJA, on Friday, the average price of 24 carat purity gold in the spot market across the country was Rs 50,849 per 10 grams. While the price was Rs 50,702 per 10 grams the day before. This price is without GST. Last year, the price of gold was Rs 38,096 per 10 grams.
At the same time, the average price of 22 carat purity gold was Rs 50,645 per 10 grams nationwide, compared to Rs 50,499 per 10 grams a day earlier. Talking about silver, the average price across the country was Rs 62,700 per kg. In the previous session, the price of silver was Rs 62,797 per kg, while on the occasion of Dhanteras last year it was Rs 46,491 per kg.
Please tell that due to Corona crisis, business was closed for the last seven-eight months. People had a desire to shop. Also, due to the season of controversy, this year saw a surge in gold and silver purchases on Dhanteras as compared to last year.