People throng to jewelry stores on the auspicious day | Nashik News
In the city of Nashik, the sale of gold jewelry on Saturday was worth more than Rs 50 crore, a trend that existed on such an auspicious day in pre-Covid times. According to some jewelers, the sale of yellow metal on Saturday was extremely good. The sales figure here was around Rs 50 to Rs 55 crore.
“The demand was mainly for traditional gold objects and gold bars. Since the wedding season has kicked off, many shoppers have also purchased for such events,” the jewelers said. Gold selling on Gudi Padwa over the past two years has been relatively weak due to the Covid situation. Restrictions imposed by the state government due to the pandemic have hurt their business for two consecutive years.
Girish Navase, Chairman of the Nashik Saraf Association, said: “Customer footfall has increased significantly as this is the first Muhurt after the Covid-related restrictions over the past two years.”
Jewelers said gold prices fell by around Rs 54,500 to 52,500 per tola. This is another factor to boost the sale of gold.
Similarly in real estate, developers are likely to see the sale of properties in the range of 800 to 1000 units, both residential and commercial.
Ravi Mahajan, the chairman of CREDAI’s Nashik unit, said, “We saw a good number of people visiting the various construction sites today (Saturday), which is a good sign. Many people – employees of government and private organizations who are the potential buyers and were busy with their business at the end of March – have started visiting the sites, expressing interest in buying the properties, obtaining financing and are likely to conclude the business in the next eight days,”
Meanwhile, in the city of Kolhapur, gold was selling at Rs 53,000 for 10 grams of 24 carats on Saturday
Mrunal Deshmukh, a housewife, said, “Buying even 1 gram of gold on the occasion of Gudi Padwa – which marks the start of a new year – is auspicious. It is believed to bring prosperity to the generation and the investment becomes tenfold. Since gold prices are higher, we only bought one gram of gold. »
Various offers and discounts have been introduced in these stores to attract customers.
Nikhil Yadav, owner of an electronics store showroom in the city of Kolhapur, said, “The city celebrates Gudi Padwa after two years. This year, the market for electronic items was good. We had introduced special discounts, cashback and free home delivery on the purchase of any electronic product over Rs 10,000.