Bazaars across Indore high on the festive spirit of Dhanteras

  • | Saturday | 11th November, 2023

Indore: The festive spirit on Dhanteras, a day considered auspicious to purchase gold, vehicles, and household items, led to heavy rush in markets on Friday.Shops, decorated with beautiful lights and lamps, witnessed high footfall of shoppers since late afternoon with many areas in the city facing heavy traffic jams and commotion.Gold and silver coins, and idols saw a good demand from customers, retailers said, while demand for light weight jewellery also picked up on the occasion.Indore Sarafa Association president Anil Raka said, There is a high footfall of customers in the Sarafa market since evening and sales are expected to be at par with the last years level. Though we were expecting much higher growth, elections have kept people busy, and funds restricted.There were also big offers on electronics and most household items. Electronics shops claimed a jump of over 15 per cent sales in home appliances. An owner of an electronic shop wishing anonymity said, We are expecting a great season. Refrigerators, washing machines, laptops among other household items were in high demand from customers.Automobile showrooms were busy clearing deliveries of pre-booked vehicles and deliveries were expected to take place until late in the night on Dhanteras, said sales executives at automobile showrooms.Automobile dealer from Indore Aditya Kasliwal said, After a long time, sales of two wheelers have picked up. Around 3,000 units of two wheelers are likely to be sold in the city on the day of Dhanteras. Four-wheeler sales also edged up on demand for medium range vehicles.The traditional Bartan bazaar of Indore also saw brisk sales on the occasion with heavy demand for glasses, bowls, utensil sets and kalash.Indore Bartan Nirmata Vikreta Sangh president Surendra Mehta said, We were expecting at least 30 per cent upside but elections have kept a lid on sales. Footfall was very high, but the conversion rate was less this season.Shops in most markets of the city like Rajwada, Sarafa, Patnipura, Cloth market and Bajaj Khana among others were open till late night on the occasion.We also published the following articles recentlyFrenzied Gold Rush At Sarafa Defies Dhanteras Price HikeThe Sarafa Oli in Nagpur was bustling with shoppers on Dhanteras, with brisk buying of gold and jewellery. To manage the crowds, three-wheelers and cars were barred from entering the area, but bikers were allowed. Gold prices reached 60,700 rupees per 10 grams, and retailers are expecting a 40% increase in sales compared to last year. However, in rural areas, Dhanteras was not as bright, as poor cotton yield and losses in soybean cultivation left farmers with little disposable cash.Dhanteras demand boosts auto, gold sales, brings cheer for companiesDespite the recent spike in gold prices, the festive period of Dhanteras saw strong footfalls and buying trends in key consumer segments such as gold and silver, cars and SUVs, electronics, and durables. Companies and retailers reported that consumers have overcome their nervousness around higher prices and are expecting prices to go up in the coming weeks. The availability of schemes and a strong range of new product collections have also contributed to the positive buying trends. Car and SUV sales are expected to grow significantly compared to last year, and there is a high demand for premium electronic products such as large-screen TVs.Shop for gold, silver & diamonds this DhanterasMillions of Indians are expected to purchase gold, silver, and diamonds this Dhanteras. In addition to buying delicate jewelry for children and silver coins with images of gods and goddesses, there is a growing demand for antique silver coins. Some individuals are opting for chokers, while others are sticking to silver coins due to high gold rates. A racer and fashion designer plans to indulge in a diamond necklace this year. Another person is repurposing old jewelry to create a unique Indo-Victorian piece.

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