Brisk Sales A Jewel In Dhanteras Crown | Lucknow News

Lucknow: The sarrafa market experienced a dip in gold and silver sales volumes this Dhanteras compared to last year, largely due to the surge in precious metal prices. However, the overall sales value saw a notable increase, underscoring the enduring demand for these precious commodities.According to Lucknow Sarrafa Market Association, about 42kg gold worth Rs 55 crore and 850kg silver costing Rs 14 crore were sold from jewellery stores across the city by 9.30 pm.Adesh Jain, senior vice-president, Lucknow Sarrafa Market, said the rate of 10gm gold on Saturday was Rs 1.32 lakh and one kg silver Rs 1.71 lakh. In comparison, he said, the price last year on Dhanteras was Rs 81,900 per 10gm gold and Rs 1.01 lakh per one kg silver. The sales in 2024 were – 59 kg gold for Rs 42 crore and 1000kg silver for Rs 10 crore. Clearly, there was a 20-30% drop in volumes of the precious metals sold, but it was offset by the increase in monetary terms. The trend was also supported by the custormers’ choice of jewellery. Vinod Maheshwari, a jeweller in Chowk, said, “Due to high rates of gold and silver, people are purchasing light-weight gold jewellery, including chains, earrings and rings. In silver, 10 gm and 20 gm coins are in high demand.” Manjari Sinha, a customer at a shop at Bhoothnath market, said, “I purchased two silver coins of 10gm each apart from a silver bowl and spoon. I could not buy gold as my pocket did not allow.”Another customer Rajni Tiwari said, “I bought two light-weight gold chains for my two daughters and a gold ring for my daughter-in-law.”A jeweller, Manoj Rai at Bhoothnath market, said, “People also purchased silver bowls and spoon sets, silver-plated frames of Lord Shrinath, Lord Ganesh and Goddess Laxmi for gifting purposes.”