Gold sales surge 30% on Dhanteras
Agencies: New Delhi/Mumbai , Nov 11 2012, 21:13 IST
Head Kiran Dixit said, "Footfalls were much higher than last year and inclination towards jewellery are more than coins this year due to the wedding season, which starts immediately after Diwali."
As the Dhanteras muhurat is till 2 PM tomorrow and the gold buying will continue, he added.
Besides purchase of physical gold, investment in gold exchange-traded funds (ETFs) showed a record improvement on the National Stock Exchange.
NSE recorded a traded value of Rs 1,337 crore in gold ETF's on a special trading session on Dhanteras, as against Rs 636 crore on the same festival last year, an official statement said.
As much as 4,441 kg worth of gold was traded on the exchange platform, the NSE added.
India, the world's largest consumer of gold, is expected to import 750-800 tonnes in 2012 calendar year, down from 969 tonnes in the last year.
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