Diwali 2025: How much gold was sold on Dhanteras?
&imwidth=600&imheight=450&format=webp&quality=medium "Diwali 2025: How much gold was sold on Dhanteras?")
Gold prices have skyrocketed this year owing to geopolitical uncertainties. Photograph: (Representational)
Gold rates on Diwali: All India Gem and Jewellery Domestic Council (GJC) chairman Rajesh Rokde said that approximately 50 to 60 tonnes of jewellery were sold.
Even as gold prices are skyrocketing because of global uncertaintiesexacerbatedby Donald Trump's tariff onslaught, jewellery markets across India are buzzing due to the festive season. On Dhanteras this year, gold worth Rs 85,000 crore was sold over a period of two days.
All India Gem and Jewellery Domestic Council (GJC) chairman Rajesh Rokde said that approximately 50 to 60 tonnes of jewellery were sold over the two days of Dhanteras, amounting to nearly Rs 85,000 crore.
He said all categories of jewellery witnessed strong demand. In terms of volumes, the sales were similar to last year. However, since the prices of gold have nearly doubled, the growth in value terms was stellar.
The sales of silver nearly doubled as consumers found the metal to be more affordable compared to gold, which has been hitting record rates.
The body is anticipating more gold sales during the Diwali and Bhai Dooj festivals.
GJC expects that the five-day festive window will deliver exceptional results. The total jewellery sales will reach between 100 and 120 tonnes. The total value of these transactions is expected to be between Rs 1 lakh crore to Rs 1.35 lakh crore.
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"Silver, in particular, has seen a surge--sales have nearly doubled as customers showed a clear preference for silver this season. With Dhanteras spanning two days and coinciding with a weekend, followed by Diwali and Bhau Beej (Bhai Dooj), the five-day festive window is expected to deliver exceptional results. We anticipate total sales reaching 100 to 120 tonnes, with a monetary value in the range of Rs 1 lakh crore to Rs 1.35 lakh crore," he added.