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HomeCURRENT AFFAIRSBUSINESSPatna News: Festive Fervor Grips Markets as Dhanteras Spurs Enthusiastic Buying Spree

Patna News: Festive Fervor Grips Markets as Dhanteras Spurs Enthusiastic Buying Spree

In the run-up to Diwali, the country and the state are buzzing with enthusiasm as customers flood the markets for festive shopping. The State President of the Confederation of All India Traders (CAT), Ashok Kumar Verma, noted that there is heightened customer enthusiasm, especially evident in the surge of purchases during Dhanteras.

  1. Gold and Silver Sales:
  • Gold coins (22 carat) were in high demand, with prices reaching Rs 5640 per gram.
  • Abundant sales of diamond sets were reported, including a necklace set worth Rs 43 lakh at Sevika Jewellers and necklaces worth Rs 28 lakh at Tanishq.
  1. Market Buzz:
  • Utensil purchases surged as buyers sought steel and brass utensils to please Goddess Lakshmi.
  • The utensils market in Patna experienced significant activity, with a wide range of products on display.
  1. Diverse Purchases:
  • Apart from traditional purchases, there was a considerable buying spree in categories such as electronics, clothes, home decoration, furniture, and mobile gadgets.
  • The auto-mobile sector also saw substantial activity, contributing to the festive market boom.
  1. Floral Sales:
  • On Diwali day, it is anticipated that flowers worth about Rs 50-60 crore will be sold in Patna, contributing to the festive spirit.
  • Notably, lotus flower, rose, marigold, tuberose, mogra, Kaner, Godavari, and jasmine are among the popular choices.
  1. Chinese Items in the Market:
  • Chinese items constitute only 10% of the offerings in the market this year, marking a decline in their visibility.
  1. Market Sector-wise Expenditure:
  • Bullion: Rs 500 crores
  • Auto-mobile: Rs 500 crores
  • Electronics/Electric: Rs 200 crores
  • Clothes: Rs 125 crores
  • Utensils: Rs 110 crores
  • Sweets: Rs 100 crores
  • Home Decoration: Rs 75 crores
  • Furniture: Rs 75 crores
  • Mobile-Gadgets: Rs 50 crores

The festive market scenario reflects the diversity of purchases, from traditional items like gold and silver to modern preferences for electronics and gadgets. Patna witnesses a bustling market, symbolizing the celebratory spirit and cultural richness of Diwali.

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