Ghaziabad: Residents to cash in on dipping gold rates

  • HT Correspondent, Hindustan Times, Ghaziabad
  • Updated: Nov 09, 2015 17:25 IST
Jewellers say more customers are buying gold ornaments this year, compared to the last few years. (Sakib Ali/HT photo)

Gold buyers seem to be in an upbeat mood to cash in on the dipping price of gold on the occasion of Dhanteras that will be celebrated on Monday.

“Though we don’t buy gold every year, we are planning to invest in gold this year since the rates are going down. There can be nothing better than buying gold on the auspicious day of Dhanteras,” said Mohit Sharma, a resident of Sector 1, Vaishali.

Dhanteras, which is celebrated two days prior to Diwali, marks the 13th day of the month as per the Hindu calendar and is considered as the most auspicious day to purchase metal items. Traditionally, Goddess Lakshmi is worshipped in Indian households for wealth and prosperity.

On the other hand, the crowd is swelling up at jewellery stores. “Customers come one day before Dhanteras to book their orders. This year, many women are buying heavy gold jewellery though the sale of silver coins is generally more during the festival. However, the ratio between the sale of jewellery and other gold and silver items is almost equal, this year,” said Angad Singh, owner of a Jewellery store in Sector 4, Vaishali.

Shopkeepers in city markets have setup stalls to sell utensils. “It is a tradition in our house to buy a silver coin on the festival of Dhanteras though it is also an occasion to buy new utensils and replace the old ones in the kitchen. I generally wait the whole year for this festival so that we can purchase useful items on an auspicious day,” said Ritu Anand, a resident of Vaibhav Khand, Indirapuram.

Industrialists, too, are waiting for Dhanteras to buy new machinery for their factories.

“Unless it is an emergency, we wait for Dhanteras to buy new machinery. However, if there is no heavy machinery to be bought, we generally resort to buying any small metal item for the factory and pray to Godess Lakshmi for brisk business all year long,” said SK Maheshwari, an industrialist at the Site 4 of the Sahibabad industrial area.

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