Dhanteras in Ghaziabad, there was a rain of money in the market, cut in GST rate got the benefit on vehicle purchase - Ghaziabad Dhanteras sales boom GST cut boosts vehicle purchases

Updated: Sun, 19 Oct 2025 07:08 (IST) There was a lot of excitement in the markets in Ghaziabad on Dhanteras. Due to the decrease in GST rate, there was a huge jump in the sales of vehicles, which brought money into the market. People also made large purchases of gold and silver jewelery and utensils etc. There was an atmosphere of excitement in the market because of the festival. Jagran Correspondent, Ghaziabad. In view of the festival of Dhanteras, crowds were seen in the markets in the district since morning. Buyers started coming to the tool market, gold market and vehicle showrooms from the morning itself and continued till the evening. On one hand there was a huge influx of money in the market and on the other hand people also got the benefit of reduction in GST. Remove Ad Just Read News People have benefits ranging from Rs 8,000 to Rs 1.5 lakh, especially when purchasing vehicles. However, there are more bookings on Sunday at many showrooms for purchasing vehicles. The reason for this is that people are less inclined to sell hardware, vehicles etc. on Saturday. for sale Shopping on the occasion of Dhanteras is considered auspicious. In such a situation, people wait for the festival of Dhanteras to buy the goods of their choice. People especially come to shops on this day to buy vehicles, jewelry and utensils. This was the reason that people made advance bookings for purchasing vehicles so that they do not face any problem in purchasing vehicles on the occasion of Dhanteras. There were a few customers who faced problems as the stock of their desired cars was out of stock at the showroom, so they made reservations for purchasing vehicles on the occasion of Dhanteras. Yogesh Vats, sales manager of Shiva Auto Car, Lohia Nagar, said that due to the confusion that Dhanteras is on Saturday and Sunday, less people bought vehicles on Saturday, more than three times the number of vehicles were booked on Sunday. Mohit Kumar Goyal, partner of Jewels Emporium Jewellers, said the prices of gold and silver fell on Friday. The price of silver fell by Rs 10,000 per kg and the price of gold fell by Rs 3,000. People who bought jewelery on the occasion of Dhanteras on Saturday benefited from this. However, currently the prices of gold and silver are sky high. In such a situation, people have given more priority to purchasing jewelry with less weight. Bullion Association official Gaurav Garg said that this time on the occasion of Dhanteras, a lot of silver was bought along with gold. It is estimated that over Rs 50 crore worth of jewelery will be sold in the city.