From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Auto sales dip in Dhanteras due to a higher base last year
What's behind this
During Dhanteras, gold sales showed contrasting trends. Showrooms in Hyderabad reported thinner footfall and smaller purchases, with managers saying footfall fell short of last year and budgets were stretched. At the same time, another report noted a revival in buying activity as customers returned after months of subdued demand, helped by a recent price correction and the festive occasion. Nationally, jewellers expect overall volumes to rise about 15‑20 % over the previous year.
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Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).
RSS excerpt
But OEMs see high footfalls at showrooms during the festival period
