Kanpur, 28 October (Hindustan Reporter). The prices of gold and silver have increased in the past few days, due to which there is doubt whether the bullion market might weaken this time during Dhanteras. On this, bullion traders say that the rising prices of gold and silver will not affect the market in any way. This can be gauged from the fact that compared to last time, this time more people have liked the jewelery and given advance money. It is also believed that this time there will be more sales as compared to last year.
These days, due to Dhanteras, other bullion markets including Birhana Road, Chowk, Govind Nagar, Arya Nagar, Swaroop Nagar, Shastri Nagar and Lal Bungalow have started looking lively. People have started liking gold, silver coins and jewelery in showrooms. According to bullion traders, many customers have liked the jewelery and even given advance money. Now they will make purchases by paying full amount on Dhanteras. This time there are coins of new variety and design in the market. Among these, colorful coins with the imprint of banyan tree, scales, conch shell are also available to the customers in the market. This time the inclination to buy coins with God’s photo is less but the demand for ten gram solid pure silver and gold coins has increased.
Estimated sales of Rs 500 crore
President of Kanpur Metropolitan Bullion Association, Pankaj Arora said on Monday that the sale of gold is expected to increase by 40 percent compared to last year, in which about 200 kg of gold is estimated to be sold. Similarly, silver sales are also expected to increase by 50 percent. It is estimated that about two tonnes of silver will be sold. Pankaj said that sales are expected to be more than Rs 500 crore. Kanpur Metropolitan Bullion Association General Secretary Ashok Bajpai said that the market is fully decorated and everyone is hopeful that this festive season will bring prosperity and success for customers and traders.
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