SILVER SALES INCREASE
Quick commerce emerges beyond Diwali shopping panic to breathe on the necks of e-commerce giants
Quick-commerce platforms in India are increasingly including fashion, beauty, and gifting items for Diwali shopping. Myntra and Amazon are experiencing significant growth in orders and customer engagement during the festive season. Quick-commerce is projected to account for a larger share of online retail, boosting convenience for consumers. The demand for immediate shopping solutions is prompting a shift in purchasing behaviours.
14,000+ gold, silver coins delivered per hour: Instamart, Zepto, others record rising orders as Diwali shopping shifts to q-comm
During the recent Dhanteras and Diwali events, consumers turned to quick-commerce platforms for their festive shopping needs. Significant increases were noted in purchases of gold, silver coins, and traditional items. Quick-commerce platforms reported high demand for kitchen appliances, clothing, and home decor. A marked shift was seen in consumers' willingness to shop during unconventional hours for festive essentials.
Lower prices add glitter to Dhanteras gold sales
Fresh impetus to festive buying was seen as gold prices corrected, boosting jewellery sales on Dhanteras. Sales volume increased by 8-10% and value growth reached 18-20% compared to last year. Consumers in both metros and smaller cities showed significant demand for lightweight jewellery, coins, and smaller-ticket purchases. Jewellers reported a surge in footfalls and sales, particularly in traditional and diamond pieces.
Jewellers report brisk Dhanteras sales as gold price drop lures buyers; volumes seen flat
Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).
Dhanteras gold rush stretches quick commerce delivery fleets, stores
Heavy demand across platforms such as Blinkit, Instamart, and Zepto also led to dark stores in multiple pincodes in Delhi, Mumbai, and Bengaluru temporarily pausing services on Friday due to a paucity of delivery executives.
Quant Small Cap Fund adds Jio Platforms and 4 others; increases stake in Adani Power, 5 more
Quant Small Cap Fund added Jio Platforms, Primo Chemicals and three other stocks to its portfolio in October. The fund also increased exposure to Adani Power and LIC Housing Finance, exited five stocks and trimmed holdings in three others.
Dhanteras rush: Quick commerce apps flag high demand, surge charges
The platforms’ home screens were heavily themed around Dhanteras, the first day of the Diwali festivities, when it is traditionally considered auspicious to buy gold, silver, and utensils. The apps promoted gold and silver coins, steelware freebies, and gadgets, among other things. Lakshmi and Ganesh coins in gold and silver were also advertised.
Dhanteras 2026: A 12% demand surge awaits Indian gold market even as prices hit two-week high
Jewellers expect Dhanteras gold sales to rise 10-12% on strong advance bookings, despite a 4.56% price surge in two days. Crisil expects jewellery sales volumes to fall 4-6%, with higher prices driving revenue growth of 20-21%.
Dhanteras expected to generate over Rs 1 lakh crore in business across India: CAIT
Dhanteras is expected to generate over ₹1 lakh crore in business across India, with gold and silver sales estimated to exceed ₹60,000 crore, according to the Confederation of All India Traders (CAIT).
Gold's 192% Dhanteras rally: Rs 92,000 jump in five years, but can the yellow metal reclaim its lost shine in 2027?
Gold has delivered nearly 192% returns over the past five Dhanteras celebrations, but a sharp correction from its January peak has clouded the outlook. Experts assess whether investors should buy the dip, while brokerages share their gold and silver price targets for 2027.
Gold price correction to lift Dhanteras sentiment, but sales volumes likely to remain flat: Jewellers
The decline in gold prices is expected to boost demand this Dhanteras, All India Gem and Jewellery Domestic Council (GJC) Chairman Rajesh Rokde told.
Gold price prediction: Will gold bounce back on Wednesday? Check outlook for November 4
On the MCX, gold prices ended flat, while silver gained momentum to close higher. As for international prices, spot gold dipped 0.3% to $3,948.75 per ounce, while US gold futures for December delivery gained 0.1% to $3,943.20. Spot silver fell 0.2% to $49.67 per ounce.
Dip in gold price puts the sparkle back into festive and wedding buying, jewellers see 10-12% rise in Dhanteras sales
Gold prices have dropped significantly, encouraging consumers to return to jewellery stores for upcoming purchases. The correction in gold prices has led to increased footfalls and advance bookings for weddings. Jewellers expect a rise in sales volume on Dhanteras, which is an auspicious buying day. Consumers are opting for lightweight jewellery and lower-karat gold to manage budget constraints.
Buying gold jewellery this Dhanteras? You need to pay 67% more on this fee - here's how your final bill will look
In September 2026, just ahead of the start of the festive season, the Bureau of Indian Standards (BIS) had revised the hallmarking charges applicable to gold and silver articles. Gold hallmarking was made mandatory in June 2021 to enhance the credibility of gold jewellery. Yes, jewellers add the fee to your final bill. Know the formula that jewellers typically use to calculate the final price.
Gold price prediction: Gold prices extend losses on Tuesday. Check outlook for November 3
Investors are now looking to the US midterm elections for indications of the country's fiscal policy direction and their potential impact on broader market sentiment.
Nasdaq Outlook: Is the worst over for AI-fuelled tech stocks?
Wall Street’s AI-led rally faced a sharp setback as the Nasdaq recorded its biggest single-day fall since June. Heavy losses in technology stocks reflected growing investor concerns over hyperscaler spending and the returns on artificial intelligence investments.
Vedanta Q2 Results: Profit zooms 78% YoY to Rs 6,202 crore; revenue surges 57%
Vedanta Q2 Results: Vedanta Ltd reported a 78% year-on-year rise in consolidated net profit to Rs 6,202 crore in the September quarter, while revenue increased 57% to Rs 26,356 crore. EBITDA more than doubled to Rs 9,938 crore, with margins improving to 60%. Higher commodity prices and increased production supported earnings, while net debt fell by Rs 4,624 crore to Rs 3,675 crore during the quarter.
United Breweries shares rally 14% after Q2FY27 profit jumps 191% YoY
United Breweries shares surged by 14.44% as the company announced a staggering 191% jump in net profit, now at Rs 135 crore for the September quarter of FY27. Additionally, net sales increased by 24% to reach Rs 2,537 crore, driven by strong premium beer sales. However, despite this impressive performance, the stock has seen a decline of about 30% over the previous year.
United Breweries Q2 Results: Profit jumps nearly 3 times to Rs 134 crore on volume growth, premiumisation
United Breweries Ltd experienced a nearly three-fold increase in net profit for the September quarter. The company's revenue from operations rose by 23.7 percent year-on-year, reflecting strong market performance. Premium volumes notably surged, particularly for Heineken Silver and Kingfisher Ultra, enhancing UBL's premium offerings. Total expenses also increased, but operating efficiency and cost control contributed to profitability expansion. UBL remains optimistic about future growth opportunities in the Indian beer market.
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