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Dhanteras 2016 News
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Despite buying support from jewellers for the auspicious festival of Dhanteras, gold failed to glitter largely due to a weak trend in global market.
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Gold has always proved that it is the safest bet whether the economy is in reeling under recession or suffering the brunt of inflation.Dhanteras 2016 today: Gold buying likely to pick up, trading time extended for ETFs, bond
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Considered auspicious for business, people also indulge in buying precious metals on Dhanteras.
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Market sentiment is looking up and the prices have more or less stabilised.
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Demand for gold is likely to pick up Friday across India on Dhanteras day, considered to be an auspicious day for buying the yellow metal.
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Dhanteras is the best time of the year for buying gold. The Finance Ministry has released another tranche of Sovereign Gold Bond for a special period of 24th October to 2nd November offering steep discount.
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Your happiness multiplies when you share it with everyone around. And hence, you may want to wish all of them on this beautiful and divine occasion.
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After logging gains for two days, gold price today headed lower by Rs 15 to Rs 30,700 per 10 grams ahead of the auspicious Dhanteras Friday as buyers put off their buying activity amid a weak trend overseas.
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Dhanteras is the day that marks the emergence of Lord Dhanavantri with a pitcher full divine nectre or Amrita Kalash.
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Gems and jewellery retailers are expecting around 25 percent growth in sales during Dhanteras, considered auspicious to buy precious metal, compared to last year due to good monsoon and pent up consumer demand, experts say.
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Dhanteras happens to fall on the first day of the five-day long Diwali festivity.
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