PM Modi Extends Dhanteras Greetings as Gold and Silver Prices See Sharp Correction Amid Festive Rush
Prime Minister Narendra Modi extended warm greetings to the nation on Dhanteras, the auspicious festival that marks the beginning of Diwali celebrations, emphasizing prayers for prosperity, good health, and happiness for all.
In a heartfelt post on X on Saturday morning, the Prime Minister wrote in Hindi, “Many happy Dhanteras wishes to all my family members across the country.
On this sacred occasion, I wish everyone happiness, good fortune, and good health. May Lord Dhanvantari shower his bountiful blessings on everyone.” The message resonated widely, as millions of Indians shared their festive greetings in return.
Dhanteras is traditionally associated with the worship of Lord Dhanvantari, the deity of health and Ayurveda, and with the purchase of gold, silver, and precious metals, symbolizing wealth and prosperity.
It marks the start of the five-day Diwali festivities, during which homes are cleaned, decorated, and illuminated with lamps.
Precious Metals See Price Correction
As festivities began, the precious metals market witnessed a notable correction after a sustained rally in recent weeks.
On the Multi Commodity Exchange (MCX), 24-karat gold, which had recently reached an all-time high of ₹1,32,294 per 10 grams, fell nearly 3% to ₹1,25,957 per 10 grams.
Silver saw an even sharper decline of over 8%, slipping from ₹1,70,415 per kilogram to ₹1,53,929 per kilogram.
Officials attribute the fall to profit-taking amid easing geopolitical and economic anxieties, creating a temporary cooling in the metals market just as the festive shopping season began.
Dhanteras Traffic and Festive Rush
With Dhanteras coinciding with Diwali week, cities across Delhi and the NCR witnessed heavy traffic congestion.
Authorities have imposed traffic curbs and issued advisories for busy routes, particularly around South Delhi, to manage the influx of shoppers.
The busy festive calendar, including events like the Travis Scott concert at JLN Stadium, added to the gridlock, keeping commuters on edge.
Jewelry Shopping Goes Digital
While traditional jewelry stores have long been the centerpiece of Dhanteras shopping, India’s love for gold and diamonds is increasingly moving online.
E-commerce platforms have made inroads with hallmark certifications, brand assurances, and seamless delivery, giving consumers the confidence to purchase high-value jewelry digitally.
For those looking to buy gold coins online this Dhanteras, prices on popular platforms such as Blinkit are as follows:
- Muthoot Gold Coin (1 gm) – ₹13,899
- Joyalukkas Gold Coin (1 gm) – ₹13,899
- MMTC-PAMP Gold Coin (1 gm) – ₹13,899
- Gullak Gold Coin (0.5 gm) – ₹6,949
- Muthoot Gold Coin (0.5 gm) – ₹6,949
- MMTC-PAMP Gold Coin (0.5 gm) – ₹7,600
The convenience of online purchases is transforming traditional festive shopping habits, allowing consumers to secure their precious metals without visiting crowded stores.
This Dhanteras, while markets adjusted prices and shoppers navigated traffic, PM Modi’s greetings emphasized health, wealth, and spiritual well-being, setting a positive tone for the entire Diwali season.
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