Less excitement in the utensils market on Dhanteras

Lucknow| Markets have been decorated for Dhanteras and Diwali. From clothes and electronics, a lot of crowd is seen at the shops selling gold and silver jewellery and utensils on Dhanteras, but this year the crowd is a little less. Shopping for gold and silver jewelery and utensils on Dhanteras is considered auspicious. Mumbai’s Bhuleshwar market, which is known for its utensils business, is sluggish in shopping this year compared to last year. Sales were up by as much as 40 percent last year, this time the figure could be as high as 30%. According to the Stainless Steel Association, the prices of utensils are stable compared to gold and silver.

Markets have been decorated for Dhanteras and Diwali. Generally, a lot of crowd is seen at shops selling clothes and electronics and gold and silver jewellery and utensils on Dhanteras, but this year the crowd is a little less. Shopping for gold and silver jewelery and utensils on Dhanteras is considered auspicious. The market in Bhuleshwar, Mumbai, which is known for the utensils market, does not have the same shopping this year as it was last year. This year, compared to last year, the purchase of utensils is seen up to 30 percent. Sales were up more than 40 percent last year. According to the Stenel Steel Association, the prices of utensils are stable compared to gold and silver. Despite this, sales are not as expected. Sales are expected to be within 30 percent this year. The main reason for this is the huge discounts and offers on online platforms. After which people are not coming to the market.

Amrit Shah, President of Stainless Steel Association, says that the prices of utensils are stable compared to gold and silver, there has been no huge jump in the prices of utensils in the last two years. Despite this, there is no increase in the shopping of Dhanteras and Diwali this year. Last year, more than 40 percent of the sales were made on Dhanteras and Diwali. It is likely to be 10 per cent lower this year. He said that the retail and wholesale markets have also been affected due to huge discounts on e-cormus platforms. Sales are likely to be up to 25 to 30 percent this year. Apart from this, the hope of sale for marriage is already troubling the wholesale markets. Another businessman Shubhas Mehta says that due to online, wholesale and retail business has been greatly affected. Shopping for Diwali and Dhanteras has shrunk only on a small scale. People come to shop for small utensils for puja. Apart from this there is no shopping. Last year, festivals, including weddings, had 40 to 45 percent of sales, which has dropped to 25 percent this year.

Traders say that apart from steel, there is demand for bronze, copper and silver utensils on Dhanteras and weddings. Apart from this, the demand for glass and ceramic utensils has also increased in the last few years. From dinner sets to big sets given to the daughter, many types of offers are available in the wholesale market for weddings, but the buyers are very less in the market. Talking about the prices of steel utensils, the price of Rs 400 to Rs 500 per fort, aluminum at Rs 400 to Rs 500 per kg, bronze at Rs 1500 to Rs 1600 per kg and copper at around Rs 1300 to Rs 1500 per kg. At the same time, the price of silver is running at Rs 96,552 per kg.