Traders’ bodies pegged overall Dhanteras business at around Rs 700: The wider industry impact

Traders’ bodies pegged overall Dhanteras business at around Rs 700: The wider industry impact

Dhanteras

Lucknow: Dhanteras sparked a festive buying spree in the city, with consumers spending nearly Rs 700 crore on automobiles, utensils, jewellery, mobile phones, appliances, decorative lights, garments and other consumer goods, giving traders a strong boost ahead of Diwali . Traders’ bodies pegged overall Dhanteras business at around Rs 700 crore. Major retail sectors accounted for Rs 629 crore, led by automobile sales of about Rs 280 crore. The utensil market generated Rs 150 crore in business, followed by jewellery at Rs 88 crore, mobile phones at Rs 70 crore, home and kitchen appliances at Rs 31 crore and decorative lights at Rs 10 crore. The remaining Rs 71 crore came from purchases of garments, footwear, gift items and other products. Gold and silver coins, particularly in the 10-50 gram range, also witnessed strong demand, along with puja items such as silver fish and tortoises, said Vinod Maheshwari, general secretary of the association.

Automobile showrooms witnessed brisk sales and vehicle deliveries, while jewellery stores, utensil markets and electronics outlets reported heavy footfall. You Can Also Check: Gold Rate in Lucknow | Silver Rate in Lucknow | Bank Holidays in Lucknow | Public Holidays in Lucknow | Lucknow AQI | Weather in Lucknow | Petrol Price in Lucknow | Diesel Price in Lucknow | CNG Price in Lucknow | LPG Price in Lucknow Stay updated with the latest Lucknow news.

We had planned it for months and waited specifically for this day,” said Ravi Dubey, a customer at a showroom in Gomti Nagar. This time it was a cookware set and a few appliances,” said Suhani Tiwari, a homemaker shopping in Aminabad. “I upgraded my smartphone because of the festive offers and exchange schemes available during the season,” said Anjali Singh, a college student at a Hazratganj mobile store. “Lightweight kanthi and pendant sets in Turkish and Italian designs were among the most sought-after jewellery products, while many buyers also booked ornaments for the upcoming wedding season,” said Adesh Jain, vice-president of the Chowk Sarrafa Association. “We were expecting slightly higher sales, but considering the uncertainty in the global economy and rising prices, the response has been encouraging,” said Uttar Pradesh Adarsh Vyapar Mandal state president Sanjay Gupta. “Overall, it has been a decent festive season for traders,” he said.

Markets across the city remained packed throughout the day as shoppers thronged markets in Hazratganj, Aminabad, Chowk, Alambagh, Indira Nagar and Gomti Nagar. Festive decorations, discount offers and wedding-season shopping added to the celebratory mood. “Buying our first car on Dhanteras made the occasion special. “Every year we buy something for the kitchen on Dhanteras. Download the TOI App.

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