New Delhi, Oct 18
The All India Gem and Jewellery Domestic Council (GJC) on Saturday, i.e. on the occasion of Dhanteras, reported a surge in gold and silver purchases following a sharp price correction.
The dip in rates has triggered a wave of strategic buying across India, with consumers seizing the opportunity to make meaningful purchases. The association expect that the sales of Gem and Jewellery will cross Rs 50,000 crore this festive season.
Gold coins are leading demand, with hallmark-certified lightweight jewellery also performing well. Silver items, especially coins and puja articles, have surged nearly 40 per cent over last year, he added.
All India Gem and Jewellery Domestic Council is a national trade council. It is a self-regulated trade body