• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Odisha

Glittering Day For Jewellers As Odisha Sees Bumper Gold Sales On Dhanteras

OMMCOM NEWS by OMMCOM NEWS
November 11, 2023
in Odisha

Bhubaneswar: Jewellery stores across the State witnessed a brisk business on the pre-Diwali Dhanteras, which is regarded as the most auspicious occasion in the Hindu calendar for buying gold items and other precious metals.

The sales of precious metals in several cities and urban areas of the State saw a boost on the auspicious occasion on Dhanteras.

Media reports claimed about three quintals of gold jewellery and coins were sold in the State On Dhanteras. In value terms, the total turnover of the precious metals is Rs 160 crore across the State.

Fifty per cent of total sale was recorded only in the Capital city Bhubaneswar.

The sale of jewellries also shot up in towns like Berhampur, Cuttack, Sambalpur, Balasore, Jajpur, Angul, Rourkela and Jharsuguda on Friday.

The gold prices in the State were hovering around Rs 56, 000 per ten grams in Odisha. Many of the stores registered a high foot-fall during evening hours. Almost all stores have hiked their business hours in the Dhanteras week.

There was a huge demand for gold jewellery for day-to-day wear like chains and bangles. The demand from the young generation was for party-wear lightweight jewellery items like bracelets, earrings, small chains with pendants, jewellers said.

Buying gold, diamonds, and other precious items on Dhanteras is believed to bring good fortune. However, market experts dismissed the claim dubbing it business tactics.

“Gold might be considered as a good investment now-a-days. But, purchasing ornaments for household consumption would not be a means of investment. Those who want to invest in gold, may opt for paper gold which gives good returns instead of real metals. Gold purchase only on a traditional belief goes against the economy as the money ultimately goes to foreign countries,” said Trinath Lenka, a market expert.

Tags: dhanterasDiwalijewellery
ShareTweetSendSharePinShareSend
Previous Post

Sikh Man, Son Gunned Down In Targeted Shooting In Canada

Next Post

Powerful Aftershock Rocks Indonesia, No Tsunami Alert Issued

Related Posts

Odisha

Hera Panchami Ritual: When Goddess Lakshmi Unleashes Her Wrath On Lord Jagannath’s Chariot

July 1, 2025
Odisha

Assault On BMC Addl Commissioner: OASA Postpones Mass Leave After CM’s Plea

July 1, 2025
BMC Additional Commissioner
Odisha

OASA Condemns Assault On BMC Addl Commissioner, Announces Mass Leave On July 1

June 30, 2025
Minister Krushna Chandra Patra
Odisha

Odisha To Suspend 20.58 Lakh Ration Cards Over e-KYC Non-Compliance

June 30, 2025
Bhubaneswar Journalists
Odisha

Bhubaneswar Journalists Submit Memorandum To CM On Rath Yatra Issues

June 30, 2025
BMC Addl Commissioner
Odisha

Three Held For Assault, Attempted Abduction Of BMC Addl Commissioner In Bhubaneswar

June 30, 2025
Next Post
Earthquake

Powerful Aftershock Rocks Indonesia, No Tsunami Alert Issued

Aaccident

Pune: 2 Killed As Truck Rams Into 3 Vehicles On Bengaluru-Mumbai Highway

Modi

Grammy Nomination For Falu's Song On Millets Featuring PM Modi

khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.