Customers miss gold coins on Dhanteras

  • HT Correspondent, Hindustan Times, Chandigarh
  • Updated: Oct 22, 2014 14:45 IST

The fall in the prices of gold resulted in an upward trend in the sale of gold Dhanteras on Tuesday. It was after two years that the gold prices dropped pushing more customers to go in for the purchase. However, both customers as well as shop owners complained that missing 24 carat gold coins of different weights had spoilt the flavour of the festival. Meanwhile, the 22 carat gold price stood at ` 26,600 per 10 gram on the occasion of Dhanteras.

Women buying jewellery at a shop in Sector 22, Chandigarh, on the occasion of Dhanteras on Tuesday.
As per city jewellers, the sales percentage has gone up by around 20% as compared to last year as the customers this year got 10 grams of 22 carat gold at least Rs 3,300 cheaper as compared to last year.
The jewellers felt the pinch because of the Reserve Bank of India (RBI) banning the sale of 24 carat gold coins.

Sharing, Vinod Talwar, president of Jewellers Association Chandigarh, said, “Whatever sale has been there is because of the drop in gold prices. The major sale especially on Dhanteras used to be that of gold coins, but with the coins being banned the customers were left dejected and shopowners had to face the loss. Sales would have been much better had there been no ban on the sale of gold coins.”
Meanwhile, huge rush was seen at shops selling utensils where customers queued up to buy new steel utensils as synonym with Dhanteras festival.

Shivani Katyal, a resident of Sector 44, said, “Prices of different items are hitting the roof, but this year the shopping scene is better as compared to last year. A common salaried person can afford to buy only new utensils and that’s what I am doing”.

She along with others could be seen thronging a utensil selling shop in Sector 22.

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