India stock market today: Nifty dips for third day as tariff jitters weigh; jewellers shine

Dhanteras 2025 – the traditional gold-buying festival – has shattered spending records in India. Consumers spent an estimated ₹1 trillion over the Dhanteras period, driven largely by precious metals demandindiatoday.in. According to the Confederation of All India Traders, gold and silver purchases alone accounted for about ₹60,000 crore, marking a 25% jump in value from last year’s festivalindiatoday.in. This is remarkable given how much gold prices have climbed: gold was around ₹1,30,000–₹1,34,000 per 10 grams in the run-up to Dhanteras – roughly 60–63% higher than last Dhanterasindiatoday.inlivemint.com. In fact, just a day before the festival, gold hit an all-time high of ₹1,34,800 in Delhiindiatoday.in.