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Diwali adds glitter: 39-tonne gold worth Rs 19,500 crore sold this Dhanteras, up 30% YoY

Gold was valued at Rs 50,139 per 10 grams, excluding taxes, on both days of the auspicious occasion. This was higher as compared to Rs 47,644 per 10 grams at Dhanteras last year.

October 25, 2022 / 04:40 PM IST
Strong sales of gold, jewellery and coins were observed at Dhanteras (Representative image: Reuters)

Strong sales of gold, jewellery and coins were observed at Dhanteras (Representative image: Reuters)

Approximately 39 tonnes of gold, cumulatively worth Rs 19,500 crore, was sold during the two-day pre-Diwali period of Dhanteras, the India Bullion and Jewellers Association said on October 25.

The volume of gold bought at this Dhanteras was around 30 percent higher as compared to the last year, when 30 tonnes of gold were cumulatively sold on the occasion, the Mumbai-based jewellers' body said.

Dhanteras, considered the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils, fall over the weekend on October 22-23.

Even slightly high gold prices did not deter consumers from making purchases this year. Gold was valued at Rs 50,139 per 10 grams, excluding taxes, on both days. This was higher as compared to Rs 47,644 per 10 grams at Dhanteras last year.