Indore: Rs.12 crore business for gold

Dhanteras came with ‘dhan’ in Sarafa, automobile and electronics markets as customers bought light-weight jewellery, LED television sets and cars on the auspicious day on Monday.  The markets remained opened till midnight and were busy serving customers throughout the day. While Sarafa’s dipping fortunes stabilised with sale of Rs 12 crore business, shopkeepers at nearby Bartan (utensil) Bazaar were disappointed due to limited sale. The two-wheelers’ market registered downfall as people preferred buying cars. “Sales are down for two-wheelers; maybe because people don’t wait for Dhanteras to buy two-wheelers anymore,” owner of a dealership firm Gaurav Airen said.

15% growth in gold, silver sale

Indore: Rs.12 crore business for gold

“Fortune returned to Sarafa market as every visitor bought something. Though people did not buy expensive necklaces and sets, they bought earrings, chains and bracelets. Silver jewellery was equally popular. Light-weight jewellery is in trend. We are so grateful that Sarafa regained its market share despite presence of large showrooms in city. The market did business of over Rs 12 crore. The market saw growth of 15 percent compared to last year’s sale.”

Hukam Soni
MP Sarafa Association president

Sales fall by 40%

Indore: Rs.12 crore business for gold

“We receive rush of window shoppers during Dhanteras. Sadly, there was limited crowd in the market this time. The reason for fewer footfalls was due to broken Jawahar Marg bridge. Almost all the customers mentioned problem in reaching the market. Overall sale in the market reduced by 30 to 40 percent. We barely reached our target of Rs 1 crore during the day.”

Surendra Mehta
Indore Bartan Nirmata Vikreta Sangh president

Indore: Rs.12 crore business for gold

Growth of 10%

Indore: Rs.12 crore business for gold

“Sale of electronics has been good. We can say there is a growth of 10 percent, which will help to achieve yearly targets. LED television ruled the market selling over 2,000 pieces in a day. Other items that followed sale include refrigerators and laptops.”

Gaurav Pahwa, director of electronics store

Double sales made up for year’s slow down

Indore: Rs.12 crore business for gold

“We were expecting a double growth rate in sales of cars. Our expectations exceeded as many customers poured in looking for cars. So, overall the sale went up by 110 to 120 percent. The sale seems great and surprising. We had been waiting for this. Sales had slowed down and did not achieve targets during Ganeshostav and Navratri. So, they finally made their way and we had a truly happy Dhanteras.”
Tanveer Khan, chief executive officer of car dealership

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