MUMBAI/NEW DELHI: Despite high prices, consumer demand for silver outpaced gold on the auspicious occasion of Dhanteras, with silver coin sales surging 35-40 per cent year-on-year and overall value more than doubling, even as the jewellery body expects a 15 per cent volume drop for gold.

Dhanteras, the most auspicious day in the Hindu calendar for buying precious metals, is being celebrated over two days until 1:45 pm on Sunday. Jewellery stores remain open through midnight and on Sunday.

While gold prices surged 63 per cent to Rs 1,32,000 per 10 grams of 24-carat (inclusive of taxes) in the national capital — up from Rs 81,400 last Dhanteras on October 29, 2024 — silver prices gone up by 40 per cent, yet demand held firm.

In major markets, gold and silver prices saw a modest correction

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