Gold sales jump about 20 per cent during Dhanteras, Diwali

October 24, 2014

New Delhi-India (Oct 24)   Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday.

 Premiums in India, the second biggest buyer of bullion, jumped to $17-$18 an ounce this week, compared with $12 last week, on surging demand.

 Dhanteras, associated with Lakshmi - the goddess of wealth, and Diwali, the festival of lights, are both considered auspicious to buy gold.

Gold sales were 20 percent higher than last year.



Silver Phoenix Twitter                 Silver Phoenix on Facebook