Diwali's impact on economy: Retail business may cross 1.5 lakh crore, gold sales 20% higher
As India celebrates the festive season of Diwali, take a look at its impact on the economy of the country.
Oct 25, 2022, 22:35 PM IST
'Gold demand likely to fall to 750 ton in 2016 on high price'
India's gold demand is likely to fall to around 750-800 tonnes in 2016, as against 860 tonnes last year, mainly due to sharp rise in prices and jewellers' strike following new regulations, World Gold Council has said.
Sep 29, 2016, 18:35 PM IST
Akshaya Tritiya: High prices dampen gold sales by up to 30%
High gold prices dampened sales today on Akshaya Tritiya, considered auspicious to buy yellow metal, with a section of industry players putting the sales figure 20-30 percent lower than the year-ago level.
May 10, 2016, 09:48 AM IST
Akshaya Tritiya 2016: Gold fails to glitter dampened by high prices
Gold prices have risen sharply in the last few days and are currently at Rs 30,100 per 10 grams in the national capital. The rates were at Rs 27,100 on Akshaya Tritiya in 2015.
May 09, 2016, 21:01 PM IST
Jewellers see 10% growth in sales on Akshaya Tritiya
World Gold Council Managing Director, India, Somasundaram PR said the buying behaviour of consumers is returning to normalcy following the jewellers resuming business after a month long protest over the excise duty.
May 09, 2016, 17:14 PM IST
Akshaya Tritiya today: Jewellers expect tepid surge in gold sales
Jewellers expect tepid surge in sales as the gold price has shot up in the last few weeks following global cues.
May 09, 2016, 13:29 PM IST
Akshaya Tritiya today: Soaring prices may hit gold sales
Akshaya Tritiya, considered an auspicious day to buy gold, is likely to be lacklustre this time as jewellers are expecting negative marginal growth compared to last year, on the back of rising gold prices, which is ruling at over Rs 30,000 per 10 grams.
May 09, 2016, 08:52 AM IST
Gold prices retreat as dollar extends gains
Gold eased on Thursday as the dollar extended its biggest one-day rally in over a month, though losses were limited by a retreat in oil prices and European stocks, which supported interest in the metal as an alternative asset.
Apr 14, 2016, 15:51 PM IST
Gold futures fall 0.27% on profit-booking
Gold prices drifted by 0.27 percent to Rs 29,167 per 10 ten grams in futures trade as speculators indulged in profit-booking at prevailing levels, even as metal strengthened overseas.
Apr 08, 2016, 12:57 PM IST
IOB to sell 'Indian Gold Coin' on Gudi Padwa in Mumbai
The Indian Overseas Bank (IOB) will sell the 'Indian Gold Coin' at its branches in the city tomorrow on the occasion of 'Gudi Padwa'.
Apr 07, 2016, 20:19 PM IST
Gold rout spurs buying spree of US Mint coins
The gold rout this week has spurred a buying spree of bullion coins in the United States, dealers said, as government data showed sales for this month have hit their highest in more than two years.
Jul 23, 2015, 00:26 AM IST
Weak gold may lift sales by up to 25% this Akshaya Tritiya
"The prices have been stable for quite some time, which we expect will be a boost for jewellery sales during this Akshaya Tritiya," Manubhai Jewellers Director Samir Sagar told PTI.
Apr 19, 2015, 13:33 PM IST
Dhanteras gold, silver sales surge up to 30% on lower prices
Jewellery and coin sales sparkled on Dhanteras Tuesday with sales rising by an estimated 30 percent from last year as customers went on a buying spree lured by lower gold and silver prices.
Oct 21, 2014, 20:43 PM IST
