Press Esc to close
Thursday 28 July 2016
News updated at 2:08 AM IST
Weather
Max: 29.1°C
Min : 20.1°C
In Bengaluru
Sunny day

Shopping websites witness gold rush

New Delhi, April 26, 2013, IANS:

You know online shopping has come of age in India when gold prices dip and coins are immediately made available in virtual stores to target not just the hip and tech savvy but also the traditional, hidebound homemaker who would otherwise head for the trusted family jeweller.

The sudden dip in prices of gold has seen a rush of sorts for the yellow metal online. Websites like jabong.com and snapdeal.com have tied up with popular jewellery retail outlets to sell gold coins of different weights — as less as two grams and as much as 50 grams.

“Since gold prices witnessed a steep fall, both demand and sale have gone up significantly in the last week. As gold prices crash, it becomes a good investment opportunity,” Mukul Bafana, co-founder of jabong.com, said.

From gold and that “oh-so-beautiful dress” to the latest book just out in the US and even toiletries, this really is India’s virtual age. A barrage of portals have made life easier for online shoppers with virtual stores, try-and-buy deals, EMI schemes and fluid return policies.

So it is that popular sites like jabong.com, myntra.com, yebhi.com, snapdeal.com, flipkart.com and homeshop18.com are fast pulling shopaholics away from traditional brick-and-mortar stores and helping them order in: from home, from offices or even on the move.

It appears to be a win-win situation for all.

The online retail market in India is expected to grow to Rs 70 billion by 2015 from the Rs 20 billion in 2011 as internet access improves, according to an Associated Chambers of Commerce and Industry of India (Assocham) survey.

“I leave home at 9 am and reach back at 9 pm. Apart from the weekend, there’s no time to even buy any toiletries! So, I end up ordering online, and I even get good discounts which I don’t get at my kinara shops,” Anupama Thakur, a 24-year-old marketing trainee, said.


Go to Top

Photo Gallery
Varun Dhawan, John Abraham and Jacqueline Fernandez during promotion of their upcoming movie...

Varun Dhawan, John Abraham and Jacqueline Fernandez during promotion of their upcoming movie...

A man dives to catch the ball during fotball practice in a public park in Kolkata...

A man dives to catch the ball during fotball practice in a public park in Kolkata...

CRPF personnel march during their 77th anniversary function at Kadarpur in Gurgaon on Wednesday....

CRPF personnel march during their 77th anniversary function at Kadarpur in Gurgaon on Wednesday....

Commuters walk with their belongings as buses were off the roads as the KSRTC employees' strike...

Commuters walk with their belongings as buses were off the roads as the KSRTC employees' strike...

Girls applying Henna in a competition organised as part of the Teej Festival at a school...

Girls applying Henna in a competition organised as part of the Teej Festival at a school...

Farmers cutting the ripened paddy plants in a flooded locality at Hajo in Kamrup district...

Farmers cutting the ripened paddy plants in a flooded locality at Hajo in Kamrup district...

Boys walk with an umbrella during rains in Srinagar on Wednesday...

Boys walk with an umbrella during rains in Srinagar on Wednesday...

A boy rows his makeshift raft in the weed covered Sabarmati river in Ahmedabad...

A boy rows his makeshift raft in the weed covered Sabarmati river in Ahmedabad...

A One-horned Rhino swims through flood waters in Kaziranga National Park in Assam on Wednesday...

A One-horned Rhino swims through flood waters in Kaziranga National Park in Assam on Wednesday...

Buffaloes being herded to a safer place from flood affected Singimari Village in Kamrup district...

Buffaloes being herded to a safer place from flood affected Singimari Village in Kamrup district...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523