What did Indian consumers spend on this Dhanteras?
Indian consumers showed strong spending intent with careful budgeting during Dhanteras, buying smaller gold coins, lighter jewellery and larger refrigerators. Gold sales by value are estimated to have increased 15-20% year-on-year to around ₹60,000 crore, while silver sales are expected to have increased 30% in value. Appliance makers reported double-digit growth over the festive period.