ECONOMY PICKS UP PACE DURING FESTIVE SEASON, RECORD SALES OF CARS AND GOLD

New Delhi, Oct 19, 2025 : Economic activity in India remained strong during the festive season this year. Following the implementation of the GST reform, sales of automobiles, gold, and electronics reached record levels. Gold and silver sales increased by approximately 25 percent on Dhanteras, while auto industry sales volumes also increased.

The All India Gems and Jewellery Domestic Council (GJC) reported increased enthusiasm for gold and silver purchases. GJC Chairman Rajesh Rokde said festive sales could exceed Rs.50,000 crore. Demand for gold coins and lightweight hallmarked jewellery has increased, while silver sales of coins and puja-related products have increased by 40 percent.

Buying remained strong in the auto industry as well. Amit Kamat, Chief Commercial Officer of Tata Motors, said that this year, Dhanteras and Diwali deliveries will be spread over two to three days, in accordance with the auspicious time, and more than 25,000 vehicles are expected to be delivered. Tarun Garg, Director of Hyundai Motor India, said that deliveries are expected to be around 14,000 units this year, a 20 percent increase over last year.

According to the Confederation of All India Traders (CAIT), Dhanteras witnessed heavy shopping across India. The total trade is estimated to cross Rs 1 lakh crore. Of this, gold and silver sales alone contributed over Rs 60,000 crore, while Delhi markets saw transactions worth over Rs 10,000 crore due to increased demand for indigenous products.