Source: Agencies15 Apr 2016 17:34:50
Mumbai, April 15: Jewellery shops opened to a slow start after a 42-day long strike on Thursday, with people turning up to buy jewellery.
The high footfall on the auspicious occasion of Guru Pushyanakshatra and public holiday on Thursday, however, failed to translate into high sales, and business remained dull.
According to rough estimates, business of around Rs 150 crore- Rs 200 crore was recorded on Thursday, which is almost half of the daily average sales in usual circumstances.
City-based jeweller, Manoj Soni, said, "The response was quite good considering the 42-day shutdown. Most of the customers bought wedding jewellery while many gave orders for the near future as well. When it comes to buying jewellery, people prefer jewellers whom they trust. It will take time, but sales will pick up soon."
Jewellers said that high prices of gold have also deterred buyers as the yellow metal was trading at above Rs 29,200 per 10 gram.
"The prices did play spoilsport but mandatory quoting of PAN card on purchase of Rs 2 lakh and above also affected sales," said Girish Choksi, a city-based jeweller.