India, Oct. 19 -- Despite high prices, consumers spent an estimated ' one lakh crore during the Dhanteras festival this year, with gold and silver alone accounting for sales estimated more than '60,000 crore. Delhi's bullion markets also recorded sales worth over '10,000 crore, marking a 25 per cent rise compared to last year.
Despite these high prices, buyers continued to invest in gold and silver, favouring lightweight jewellery. While gold prices surged 63 per cent to '1,32,000 per 10 grams of 24-carat (inclusive of taxes) in the national Capital - up from '81,400 last Dhanteras on October 29, 2024 - silver prices have gone up by 40 per cent, yet demand held firm.
Interestingly, once a domain of neighbourhood jewellers, jewellery shopp...