📷 Image: Wikimedia Commons / आर्या जोशी
Business
Gold, Silver Prices Drop Ahead of Dhanteras Sparks Massive Crowd at Indore's Sarafa Market
✍️ Amar Ujala · Madhya Pradesh
🗓 05 Nov 2026, 07:01 AM
👁 12
Gold and silver prices fell just before Dhanteras, prompting a large influx of shoppers to Indore's Sarafa market where traders anticipate about Rs 250 crore in sales.
Indore's historic Sarafa market saw a surge of buyers on the eve of Dhanteras as gold and silver prices slipped, making the precious metals more affordable for festive purchases. Traders reported that the price decline attracted a crowd far larger than usual, with many shoppers eager to lock in lower rates before the holiday.
Market officials said the sudden influx is expected to generate roughly Rs 250 crore in turnover, a figure that underscores the strong demand for jewellery and gifts during the auspicious season. Vendors have extended operating hours to accommodate the heightened activity and to manage the long queues forming at the metal counters.
Analysts note that such price movements are typical in the run‑up to major festivals, but the scale of the current buying spree is notable for its speed and volume. The trend reflects both consumer optimism and a strategic push by dealers to capitalize on the festive buying window.
Market officials said the sudden influx is expected to generate roughly Rs 250 crore in turnover, a figure that underscores the strong demand for jewellery and gifts during the auspicious season. Vendors have extended operating hours to accommodate the heightened activity and to manage the long queues forming at the metal counters.
Analysts note that such price movements are typical in the run‑up to major festivals, but the scale of the current buying spree is notable for its speed and volume. The trend reflects both consumer optimism and a strategic push by dealers to capitalize on the festive buying window.