Dhanteras 2025: A Record-Breaking Year for Gold and Silver Sales
Indian consumers spent an estimated Rs 1 lakh crore during the Dhanteras festival this year, driven by robust gold and silver purchases despite sharp price increases, a leading traders’ body said on Saturday.
Gold and Silver Sales Soar
The Confederation of All India Traders said gold and silver sales alone accounted for Rs 60,000 crore of the total, marking a 25% increase from last year, as shoppers flocked to bullion markets despite gold prices surging 60% year-on-year to cross Rs 1,30,000 per 10 grams.
According to gold price trends, the past two days have seen an unprecedented rush in jewellery markets, said Pankaj Arora, national president of CAIT’s jewellery chapter, the All India Jewellers and Goldsmith Federation.
Delhi’s Bullion Markets Shine
Delhi’s bullion markets recorded sales exceeding Rs 10,000 crore, he said in a statement. This surge in sales can be attributed to the fact that Dhanteras is considered an auspicious day for purchasing gold and silver, utensils and other items symbolising prosperity.
Silver Prices Climb, But Demand Remains Strong
Silver prices also climbed roughly 55% to Rs 1,80,000 per kilogram from Rs 98,000 last year, but demand remained strong as consumers view precious metals as secure investments, CAIT said. To learn more about silver price forecast, click here.
Beyond Bullion: Utensils, Electronics, and Decorative Items
Beyond bullion, the festival generated Rs 15,000 crore in utensils and kitchen appliance sales, Rs 10,000 crore in electronics and electrical goods, and Rs 3,000 crore in decorative items and religious materials, according to the traders’ group.
Government Policies and Local Preferences
CAIT Secretary General Praveen Khandelwal, who is also a member of parliament, attributed the surge partly to reductions in goods and services tax rates and Prime Minister Narendra Modi’s campaign promoting locally-made products. To know more about GST rates on jewellery, visit our website.
Consumers are showing a clear preference for Indian products, benefiting small traders, artisans and manufacturers, Khandelwal said. Traditional markets, jewellery bazaars and local retail shops witnessed record customer turnout alongside modern shopping malls during the festival, CAIT said.
Conclusion: A Boost to the Indian Economy
The record-breaking sales during Dhanteras 2025 are a testament to the strength of the Indian economy and the consumer’s willingness to spend on precious metals and other items. As the festival season continues, it will be interesting to see how the sales trends unfold and what impact it has on the overall economy. For more updates on Indian economy news, stay tuned to our website.
