India set for a ₹1 lakh crore Dhanteras
Traders expect record shopping today — led by gold and silver, even though gold is about 20% costlier than last year.
- Dhanteras trade: ₹1 lakh crore+
- Gold & silver: ₹60,000 crore+
- Festive season: ₹7 lakh crore+
What's expected
The Confederation of All India Traders (CAIT) estimates that Indians will spend more than ₹1 lakh crore on Dhanteras today, the day traditionally seen as lucky for buying gold, silver, utensils and new things for the home.
Gold and silver alone are expected to bring in over ₹60,000 crore.
The price problem
24-carat gold is around ₹1,41,840 per 10 grams — roughly 20% more than a year ago. Jewellers say many buyers are switching to lighter 14- and 18-carat pieces so they can still buy something without spending too much.
The bigger picture
CAIT expects total festive-season trade, from Navratri to Diwali, to cross ₹7 lakh crore — 15–18% more than last year. That's a strong sign that people are still spending, even with higher prices.
What it means for you
If you're buying gold today, compare making charges across jewellers and always check the BIS hallmark. Lighter 18-carat designs are a popular way to keep the tradition without stretching the budget.
