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No usual Dhanteras rush, still hopeful: Delhi jewellers


On the occasion of Dhanteras - the day on which there is a custom to buy gold, silver or utensils, the Delhi jewellers have said that there is no Diwali Rush in the market but they still hope that despite the gold prices have touched sky, people will come out to buy golds.

While talking to KNN India, Ashok Gupta, a member of Dariba Vyapar Mandal (DVM) said, ''I am working here for the past 40 years, but a kind of feeling that i am getting is that there is no Diwali in the market this year. There are only 15 per cent sale and i can't see any hope that the situation in future will improve.''

''There is nothing in the market in the name of Diwali,'' he claimed.

''At present, gold prices are around 38,000 to 39,000 compared to  last year rate which was around 30,000 to 39,000. This the main reason why buyers are not buying gold and we are doing less business,'' said another jeweller.

''We are expecting less sale on this Dhanteras, simultaneously we believe that something good can be happen to us,'' he added.

On being asked whether there is any scope of that rate of gold will fall down in coming days, he replied,'' We want this to happen so that buyers can come and buy and we can increase our business. Let'hope and see whether the prices will come down or not?,''

''We are trying to sale those jewellery which we have prepared for the Dhanteras so that that at least we can reach at par,'' he said.

''We expect and urge government to reduce import duty and give us some relief,'' he said, while replying a question that what jewellers expect from Government.

While talking to KNN India over gold price, on October 23,  Ashok Kumar, General Secretary, Delhi Jewellers Association (DJA) had expressed hope of good business and said, ''Though the business is down but at the same time demand for gold rises on the occasion of Dhanteras. So something good can be expected. There are 30 to 45 per cent chances that the market will flourish.''



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