Dhanteras Jewellery Sales Brisk, Volumes Flat
Jewellers reported brisk Dhanteras sales as a drop in gold prices drew buyers, though sales volumes were seen flat. Lower gold and silver prices lifted sales, and jewellers expect 15 to 20 percent growth, according to a Telegraph report.
Context
Context: Dhanteras is a festival before Diwali when many Indian families buy gold and silver, so jewellery shops see a sales spike each year. Gold prices move with global markets, which often shapes how much buyers spend.
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