Kanpur28 minutes ago
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This year, on Karva Chauth, jewelery business has done a business of about three thousand crores across the country. Bullion traders are very excited about this. Out of 3 thousand crores, the business of about 370 crores has been done from UP. Talking about the business of 5 major metros of UP, the capital Lucknow is on top with sales of 12 crores.
Kanpur stood at number two. The business here is around 8 crores. At the same time, the figure of business in Agra, Banaras and Prayagraj is recorded between 4 to 5 crores. This year, the business of 800 crores is being told more on Karva Chauth as compared to 2 thousand 2 hundred crores last year.
Gold costlier by 34 hundred rupees per ten grams
CAT’s National General Secretary Praveen Khandelwal and IJGF National President Pankaj Arora said, “On Karva Chauth, the figure of sale of gold and jewelry across the country stood at about 3 thousand crores. Last year this business was about 22 hundred crores. Last year Gold became costlier by Rs.34 hundred per 10 grams today as compared to Karva Chauth, but silver is cheaper by Rs.11 thousand per kg. In view of the political upheaval at the international level, the price of gold is likely to increase further in the coming time.
Pankaj Arora National President I JGF
very auspicious from october to november
Pankaj Arora said, “The month from October to November gives equal business for the jewelery businessmen. After Karva Chauth, the festivals include Pushya Nakshatra, Dhanteras, Lakshmi Pujan, Deepawali, Bhaiya Dooj, Chhath Puja and Tulsi Vivah. After this, due to the wedding season till November 14, the gold and silver markets remain buoyant. Due to which the business grows very fast.
sales in these markets
Pankaj Arora said, “Jewelers Mandis across the country Mumbai, Delhi, Agra, Kanpur, Hyderabad, Nagpur, Raipur, Rajkot, Coimbatore, Kolkata, Meerut, Amritsar, Jaipur, Bhopal, Indore, Ahmedabad, Surat, Chennai, Trivandrum, Bangalore, In cities like Jammu, Lucknow etc., gold and silver were traded heavily in jewelers’ shops and markets.
Artificial jewelery was also in demand
In view of the slight stability in the prices of gold and silver at this time in the market, this year where special types of jewelery were sold for the wealthy class. For most people, a large stock of light weight jewelery was also available in the markets. Along with the stock of traditional gold and silver jewelry, there has also been a demand for new fashion jewelry. Bridal rings, chains, bangles, collar sets and mangalsutras are in high demand as usual.
On the other hand, Pajeb, Nettle, Half Kamarband etc. were also bought on a large scale in Tier-2 and Tier-3 cities in silver. The demand for artificial jewelry has also increased over the years. Among these, chick and polki sets are the main ones. This year also saw huge sales of these items in the market today. Now traders from all over the country have started preparing for Pushya Nakshatra and Dhanteras.
Praveen Khandelwal National General Secretary of CAT
Big Opportunity for Jewelers Businessmen
Due to Corona, Karva Chauth, the most important day for women across the country, had faded for the last two years. Jewelers’ business was also very weak due to everything being closed and chaotic. CAT and AIJGF believe that this year when all the restrictions of Corona are over and the festive season of Diwali has started from Navratri across the country. Jewelers have got a huge opportunity for better business on Karva Chauth. The booking of gold jewelery for the wedding season starting from November has also started from Karva Chauth itself.