Dhanteras 2020: Every year two days before Diwali, we have a tradition of buying gold jewelery at the festival of Dhanteras. Jewelers wait for this opportunity throughout the year as it is Diwali for their business. However, this time the circumstances have changed due to the Korana epidemic and the economic slowdown. Let’s know that this time on the Dhanteras, how exciting the market is.
50-75% expected turnover only
Yogesh Singhal, head of the Bullion and Jewelers Association in Kuncha Mahajani, says arrangements have been made in view of the corona epidemic. Sanitization has been arranged. Apart from Corona, this time the economic slowdown is also getting a difference. Though the business is expected to grow in view of Dhanteras, but according to Singhal, this time the business can be only 50-75 percent. Let us know that Kuncha Mahajani is the largest jewelery market located in Chandni Chowk area of Old Delhi.
Customers are liking light jewelry
Due to the Corona epidemic, congestion at the shops is less, besides the economic slowdown has also affected the choice of the people. PC Jewelers MD Balaram Garg believes that now people are taking precautions towards Corona and are going out with safety. However, he says that this time due to the economic slowdown, people are taking up to 20 per cent light weight jewelry. For example, instead of 10 grams of gold jewelery, they are taking only 8 grams. He has expressed hope that this time up to 80 percent of the business can be done on Dhanteras.