Kolkata: Jewelry in Kolkata anticipates good sales for Dhanteras on Tuesday because gold prices have dropped by almost Rs 400 per 10 grams in recent days.
Dip in price has encouraged many people to buy more gold this time.
With the expected request to surge for the wedding season, jewelry hopes for sales such as pre-covid Dhanteras time.
The situation looks better because the question for heavy jewelry and the bridal collection has begun to flow in.
Ajoy Chawla, CEO (Division of Jewelry) from Titan Company Ltd., feels that consumers celebrate a small milestone in their lives now.
“The demand is hidden, the overall mood and wedding purchase converts to make a surge in the gold and diamond categories,” he said.
The wedding season, which contributed to the largest gold sales piece, is scheduled to start from November 15.
Jewelry in the city feels that drive vaccination, along with the number of active cases decreasing, gradually makes the impact on the lives of people.
“The price of gold fell by almost Rs 8,000 per 10 grams in the past six-seven months.
What can be a better time to buy jewelry especially for marriage? We witnessed the trend now,” said Rupak Saha, Zonal Member from the Permata Trade Board and Indian jewelry.
In the past seven days, the price of gold has been reduced from Rs 47,470 per 10-gram to RS 47,100 on Monday.
“Because the wedding season is on the corner, people make the most offers provided by us for Dhanteras.
Many people also come to buy gifts for weddings,” said Anargha Uttiyo Chowdhury, director Anjali Jewelers.
Suvankar Sen, CEO, Senco Gold and Diamonds, said, “Our shop is expected to register a 15% -20% increase in this Dhanteras sale.
There are new collections, design in gold, diamonds, platinum for customers.
We encourage everyone to return to rhythm Normal life and plan to buy this celebration season jewelry, “he said.