From The Pioneer
Center-Right Owned by The PioneerGold purchases touch Rs 60,000 crore on Dhanteras as prices lift sales value
What's behind this
On Diwali, the 24‑karat gold rate was reported at ₹1,43,570 per 10 g, with Delhi’s price slightly higher than other major cities such as Mumbai and Bengaluru. Silver prices were uniform across five cities. On November 8, 22‑ and 24‑karat gold prices remained steady across metro areas including Delhi, Mumbai, Kolkata, Chennai and Bengaluru. Dhanteras saw gold purchases valued at about Rs 60,000 crore, reflecting a 15‑20 percent rise in sales value despite the quantity sold staying largely unchanged.
AI-generated overview from 3 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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left · 2 outlets
India's gold jewellery demand fell 20 per cent in volume terms in the September quarter, while its value rose 16 per cent year-on-year.
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center · 2 outlets
In Delhi, prices for 22 karat-gold declined to ₹1,30,543 from ₹1,32,367, and those for 24-karat gold declined to ₹1,42,515 from ₹1,44,506.
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right · 5 outlets
22, 24 carat Gold prices remain steady across metro cities on November 8
RSS excerpt
New Delhi : Indians bought an estimated Rs 60,000 crore worth of gold on Dhanteras, marking a 15-20 per cent increase in value compared with last year. However, the quantity of gold sold remained largely unchanged, indicating that higher prices, rather than a surge in demand, drove the increase in…
