Silver anklet units in Salem get a good amount of orders for this year’s Deepavali
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- ✓Silver anklet units in Salem received a good amount of orders for this year’s Deepavali.
- ✓Sree Anandharajan said, “Compared to last year’s Deepavali, this year, silver anklets received over 45% of orders, through which workers got jobs.” Lower silver prices helped many shops place orders across India.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Hindu
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Salem
The silver anklet units in the Salem district received a good amount of orders for this year’s Deepavali festival compared to last year.
Silver anklet manufacturing is one of the important occupations in Salem district through which around one lakh people are getting jobs directly or indirectly. More than 1,000 silver anklet manufacturing units are functioning in Shevapet, Sivathapuram, Kondalampatti, Maniyanoor, Ponnammapet, Elampillai, Steel Plant, Jahir Ammapalayam, Nethimedu, Dadagapatti, Solampallam, Panankadu, Sooramangalam and Gugai.
Due to volatility in silver bullion prices, silver anklet units and their workers lost jobs for the past one year as the price fluctuated between ₹2.30 lakh and ₹4 lakh per kg. Due to the West Asia crisis, the silver price was increased, which resulted in poor orders from the public and jewellery shops. During the 2025 Deepavali festival season, the silver anklet units got around 25% of orders. However, this year, the manufacturers claim that orders have nearly doubled.
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The Hindu
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