Bhubaneswar: easing pandemic restrictions and low gold prices brought back consumers to a jewelry store on Dhanteras on Tuesday.
Jewelry is estimated to be a resurrection of sales similar to the pre-covid period after almost two years of slow market trends.
“Customers enthusiastically this time.
We see the market getting better and almost back to the pre-pandemic level with 80% -90% recovery in sales.
We are looking at around 11% to 12% compared to last year,” said Mitesh Khimji, Director Khimji Jewelers.
Jewelry stores in the city have watched in a hurry for the past few days with customers to choose bookings in advance.
“To avoid the last minute rush, we ordered several designs before Dhanteras and collected goods on a favorable day.
The price has also dropped compared to last year.
The wedding season is in the corner; so it’s better to use it, offered by a jewelry store , “said Priyambada Swain, a customer.
On Tuesday, the price of 10 grams of 24 carats and 22 carat gold in Bhubaneswar, respectively Rs 49,500 and Rs 44,800.
Last year, gold prices approached Rs 50,000 for 10 grams.
“Sales must have risen mostly.
Thanks to the government’s move on time to allow businesses to run full time.
Consumer confidence, which has hit the Coronavirus outbreak, has increased over the past few months.
Most of the customers.
Vaccinations, everyday cases and deaths have been Going down significantly, and the future looks bright again, “said Sunjoy Hans, Chairman of the Founder of the Lalchnd Group.
Hans added that despite the increase in fuel and the price of essential commodities had been a great concern lately, the price of gold also fell around RS 3,000 compared to last year.
“There are some stable things like gold as investments, and customers make the best from the current situation,” Hans added.
The real-estate sector and cars also witnessed a pushing market trend.