DHANTERAS SALES
From gold jewellery to smartphones: Consumer appetite for premium products drives sales resurgence
In electronics, smartphone sales bounced back after five quarters of decline, driven by high sales of premium models such as Apple iPhones and Samsung Galaxy S23 series, and demand for large screens during the cricket world cup helped TV sales volume grow by 8-9% on year - up from 2% growth during January to September - last quarter, industry executives said.
Amazon Sale: Up to 80% OFF on Kitchen Essentials for Dhanteras and Diwali
Are you eagerly awaiting a fantastic sale to purchase your kitchen essentials this Dhanteras and Diwali? If so, your wait is over, as Amazon's annual festive sale is here to offer you discounts of up to 80% on kitchen essentials. With Amazon Sale, you can acquire your kitchen essentials at a highly affordable price. Take a look at this article and secure your products at the most competitive prices in the market.
Vehicle registrations hit a festive record
Retail sales, indicated by vehicle registrations, surged by nearly 19% to a record 3.8 million units during the festive season, reflecting strong consumer demand. Federation of Automobile Dealers Association (FADA) data reveals 3,793,584 vehicles registered between Navratri and Bhai Dooj, a 19% increase from the 2022 period. Sales growth was 21% in two-wheelers, 41% in three-wheelers, 8% in commercial vehicles and 10% in passenger vehicles.
Lab-made diamonds grow on buyers this Dhanteras-Diwali
Lab-grown diamonds, which emerged as a new category and an alternative to the pricier natural diamonds, became more popular in this year's festive season as prices plunged to less than half year-on-year. Prices of LGD rings with 1 carat solitaire fell to ₹80,000 to ₹1 lakh from ₹2 lakh last year, a fraction of about ₹5 lakh for 1 carat natural diamond ring.
Titan CEO on India's obsession over gold this festival season
Titan CEO Ajoy Chawla on India's obsession over gold this Dhanteras and how Q3 performance could pan out.Titan CEO on India's obsession over gold this festival season
2 types of gold that can be bought from BSE, MCX with physical delivery option
An individual can buy gold from Bombay Stock Exchange (BSE) and Multi Commodity Exchange (MCX) through their demat account provided Electronic Gold Receipt (EGR) and Commodity segments, respectively, is activated on the individual's demat account. There is also an option to take physical delivery of gold from both BSE and MCX.
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Big Bullion Sale: Gold shines amid festive fireworks
Sales of the worst affected mass-to-mid segment products across categories have also seen a slight improvement in this season with single-digit growth, according to companies, retailers and market researchers. The revival has been driven by urban and semi-urban markets, with the critical rural markets still showing no signs of a recovery.
Fast and festive: Blinkit, Swiggy Instamart & Zepto sales surge on Dhanteras
Besides coins, there has also been a surge in the purchase of brooms, which is also considered auspicious on this day. "We learned that it is auspicious to buy jhadu (brooms) today when brooms got stocked out at all our dark stores on Dhanteras 2 years ago," Dhindsa tweeted later, with a graph showing the increase in sales of brooms as compared to last Friday.
Automobile, appliances & consumer goods companies witness high double-digit growth on Dhanteras
Automobile manufacturers, consumer goods companies and appliance makers have observed growth in sales during Dhanteras and expect the trend to continue for the next three days. The manufacturers have reported a high double-digit growth during pre-Diwali Dhanteras sales, in comparison with the same period last year.
Minimalistic, everyday jewellery steals the spotlight this Dhanteras
Jewellers are focusing on minimalistic and everyday jewellery during the Dhanteras festival, with gold prices rising by Rs 9,000 per 10 gm compared to the previous year. Tanishq CEO Ajoy Chawla reports a significant upswing in customer sentiment, with new collections like Dharohar, Rivaah X Tarun Tahiliani's bridal jewellery, and String It receiving significant traction.
Dhanteras: Sales of gold coins, silver coins and brooms surge on Blinkit
“Dhanteras muhurat (auspicious time) hasn’t even started and we’re already close to hitting half of the gold and silver coins sales from last year,” Albinder Dhindsa, chief executive of Blinkit, wrote in a post on X.
Buying gold bars on Dhanteras? Here are 8 tips for you
Gold bars: Compared to gold coins and jewellery, gold bars can come at a lesser cost. However, there are a few things you should consider before you buy them.
India sees brisk gold sales on pre-Diwali Dhanteras festival
Gold and silver buying in India has started to recover after the softening of gold prices, which dropped by Rs 800-1,500 per 10 gram from the peak of Rs 63,000 on October 28. This has prompted buying on Dhanteras, the most auspicious day in the Hindu calendar for buying items from precious metals to utensils.
Unlock prosperity this Dhanteras with the best purchases that guarantee abundance
With the festival of Dhanteras just around the corner, it's time to start searching for the perfect option to choose from. From traditional gold and silver coins to utensils and home decor, there are numerous options to choose from. This article presents a collection of the best Dhanteras purchase ideas, highlighting their appeal. Whether it's a timeless piece of jewellery or a home decor item, these gift ideas are sure to bring joy and prosperity to you and your loved ones on this auspicious occasion.
Dhanteras 2023 Gold buying: 21% return over last year, is it a good time to invest in Gold?
Buying gold on Dhanteras day is something which many households in India hold very close to their heart. However, it is not only the auspicious nature of this activity which keeps people hooked to this tradition but it has also been a very well rewarded investment in the long run. Gold return over long term has be quite attractive which adds reason to an emotional act. So should you invest now?
Jewellers cautiously optimistic about gold demand this Dhanteras; expect 10pc rise in sale
According to World Gold Council (WGC) India Regional CEO Somasundaram, high gold prices may dampen the sales and total Dhanteras sales may not see the level achieved in 2021 and 2022.
Dhanteras 2023: Buying gold for the first time? 4 ways to avoid wasting money on counterfeit jewellery
It would be wise to triple-check the jewellery, before you part with your hard-earned cash.
Gold ETFs or Sovereign Gold Bonds (SGB): Where should you invest on Dhanteras 2023?
Keep the pros and cons of Gold ETFs and Sovereign Gold Bonds (SGB) in mind while choosing between the two. Select the product depending on how comfortable you are managing investments online and keep the worries of purity, security aside.
Make Your Diwali Gifts Shine With Up to 21% Off on 8 Best Gold Bars in India (2023)
Seize the opportunity to elevate your Diwali gifting game with up to 21% off on Gold Bars in India during this festive season. Discover exclusive deals and understand why gifting gold remains a timeless symbol of value and prosperity. Explore the best picks that come with a quality assurance and premium aesthetics.
Domestic tractor sales decline 5% YoY in October due to uneven rains and last year’s high base
Tractor sales in India, a barometer for the rural economy, have declined for the second consecutive month, mainly due to irregular rainfall, a high base effect, and a delayed festive season. Manufacturers anticipate a sales rebound in November with the onset of Diwali. Despite the recent drop, tractor sales had seen continuous growth in recent years, reaching a record 944,000 units in FY23, a 12% YoY increase.
Tractor sales stay in slow lane as weak rains dampen demand
Led by Diwali, which begins with Dhanteras later this month, manufacturers expect sales momentum to return in the current month. Advancing for four straight years from FY20, tractor sales in India ended FY23 with a record 944,000 units, up 12% YoY. Domestic tractor sales in October dropped 5% to 117,714 units from 123,526 in the same period a year ago, according to data from Tractor Junction.
Festive demand drives passenger vehicle dispatches to record high in October
Sales of cars, sedans, and utility vehicles in the domestic soared to record levels in October, as automakers increased deliveries to meet strong customer demand during the festive season. Industry estimates indicate that 391,472 passenger vehicles were dispatched to dealers, a 16.3% rise from the previous financial year's 336,679 units. This marks the tenth consecutive month of record-breaking sales, primarily driven by SUV demand, which constituted half of all passenger vehicle sales in October.
Amazon sale 2023: Up to 20% OFF on Silver Coins a complete gifting pack
During the Amazon Sale 2023, you can enjoy up to 20% off on gifting silver coins. This is a fantastic opportunity to purchase beautiful and meaningful gifts for your loved ones. Whether it's for a special occasion or just to show your appreciation, these discounted silver coins are a great choice. Don't miss out on this amazing deal and make the most of the Amazon Sale 2023.
Gold sales rise 35% this Dhanteras despite inflationary pressures
The pickup in sales has also been driven by bridal jewellery purchases for the upcoming marriage season, which runs from November 15 to December 15. Digital platforms have seen 35-40% growth as millennials have bought gold online.
Passenger vehicles sales gather speed on Dhanteras
Dhanteras is celebrated as the first day to mark the beginning of Diwali. Hindus, Jains and Sikhs buy brass, silver and gold on this day as it is regarded as one of the most auspicious days to purchase expensive objects. This year, Dhanteras was celebrated on October 22 and 23.
Gold, jewellery glitter as Dhanteras witnesses robust sales this year
Dhanteras is regarded as the most auspicious day in the Hindu calendar for buying items like precious metals, utensils and other valuables. Many people also buy vehicles.
Around Rs 40,000 cr of business expected during 2-days of Dhanteras: CAIT
"Around Rs 40,000 crores of business" is expected on two days festival of Dhanteras, CAIT national president B C Bhartia said in a statement. All India Jewellers and Goldsmith Federation national president Pankaj Arora said there is great enthusiasm among jewellery traders across the country regarding the sale of Dhanteras on Saturday and Sunday, for which the industry has made elaborate preparations.
Last Day of Amazon Diwali Sale - Grab Water purifiers, Geysers, Air purifiers, Microwaves and more now
With Diwali approaching, you will have the chance to get the greatest kitchen devices at a discount and celebrate twice. The best deals and discounts on microwaves, geysers, air purifiers, water purifiers and more are listed below.
Amazon Diwali Sale - Buy top refrigerators now for Dhanteras
Dhanteras is coming to provide you with the opportunity to get the best refrigerators at discounted costs and rejoice twice. See below for the top offers and discounts on refrigerators.
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