From gold to devices: Bhopal streets sparkle massive this Diwali | Bhopal News

Bhopal: The metropolis is glowing with the golden glow of prosperity as Dhanteras ushers within the grand starting of the festive season. From Sarafa Bazaar to New Market and MP Nagar, each nook of Bhopal is brimming with pleasure and commerce. Traders estimate that enterprise this 12 months will climb by 30 to 40% in comparison with earlier years — a transparent signal of renewed shopper confidence and financial revival.With Diwali simply days away, Bhopal’s marketplaces are witnessing a spectacular surge in exercise, as merchants and consumers alike embrace the festive spirit amid elaborate decorations and illuminated storefronts. According to market associations, gross sales throughout town throughout the ongoing festive season—together with Dhanteras—are projected to cross Rs 500 crore, a determine that represents a strong improve in comparison with round Rs 370 crore recorded final 12 months. This uptick comes on the again of revised GST slabs which have slashed costs in a number of product classes, straight boosting footfall and buy volumes.Gold GleamsDespite file costs for gold and silver, town’s famend Sarafa Bazaar is full of keen consumers. “Rising gold prices have not slowed buyers; in fact, people are more inclined to invest in jewellery and coins,” stated Ajay Devnani, spokesperson, Bhopal Chamber of Commerce and Industries (BCCI). Daily occasions and elaborate decorations are including to the market’s festive attraction, drawing in households and bulk consumers alike.Jewelers and residential decor retailers are additionally reporting higher-than-expected gross sales, particularly on Dhanteras, when auspicious gold and silver purchases are conventional. In Bittan Market, for instance, gross sales of gold cash and utensils rose by about 30% over 2024’s figures, as per the Bhopal Sarafa Association.Tech TreatRetailers report that electronics and electrical home equipment have emerged as star performers this season. Demand for air conditioners and fridges, particularly, has almost doubled in comparison with final 12 months. “Many families are opting for upgraded electronics as part of their Diwali preparations, with split ACs and energy-efficient refrigerators leading the charts,” stated Mukul Sharma, a buyer at New Market. Large-format shops in DB Mall, 10 Number Market, and MP Nagar are experiencing a marked improve in buyer visitors, with weekend footfall up by almost 40%. Retail chains and native shops are providing a spread of festive reductions, change affords, and no-cost EMI choices. Colourful ClosetsThe garment sector, too, is reaping the advantages this season, with ethnic put on retailers noting a 25 % rise in gross sales as in comparison with final 12 months. Traders credit score the renewed financial sentiment to steady gasoline costs, improved shopper confidence, and government-backed business-friendly insurance policies.Bhopal’s retail sector is gearing up for what could possibly be its most profitable Diwali lately, as each merchants and consumers journey the wave.