‘Rate Will Go High’: Kumar Jain on Dhanteras Gold Rush at Mumbai’s Zaveri Bazaar
Speaking from Mumbai's Zaveri Bazaar on Dhanteras, jeweller Kumar Jain observed steady consumer interest despite elevated gold prices. Jain noted that rates rose from 1,31,000 to 1,49,000, with…
Attributed summary
Speaking from Mumbai's Zaveri Bazaar on Dhanteras, jeweller Kumar Jain observed steady consumer interest despite elevated gold prices. Jain noted that rates rose from 1,31,000 to 1,49,000, with buyers anticipating further increases. While purchases are being made in smaller quantities, overall customer footfall increased compared to the previous year, prompting shops to open as early as 9:00 AM. Jain noted that buyers continue purchasing coins and ornaments for puja due…
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