On Sunday, September 21, 2025, on Sarvapitri Amavasya, the last and most important day of Pitru Paksha, hundreds of Mumbaikars gathered at the Banganga lake in Walkeshwar, south Mumbai, to pay homage to their ancestors.
Pitru Paksha is a 16-day Hindu ritual to pay homage to souls who have departed for their heavenly abode.
A no-onion, no-garlic potato dish for Pitru Paksha.
The Reserve Bank of India's (RBI's) State of the Economy report for October acknowledged a slowdown in some high-frequency indicators but expressed confidence in a recovery, aided by consumption demand during the festival season. "In India, aggregate demand is poised to shrug off the temporary slowdown in momentum in the second quarter of 2024-25 as festival demand picks up pace and consumer confidence improves," said the report released on Monday.
In the Mumbai domestic market, gold stood at Rs 30,000/10g, down 0.9 per cent, while silver fell 2.5 per cent to Rs 50,275 a kg.
Kumar also hinted that the Maharashtra elections could be held after Diwali.
This year the Pitru Paksha fortnight runs from September 9-24 and will end with the start of Navratri.
'Durga Puja is also a time to catch up on the gossip and when the girls of the family get together it's a beautiful feeling that is hard to describe.'
The demand for gold has bounced back sharply in India from the lows seen in 2020 because of the outbreak of the Covid-19 pandemic, and has even beaten the pre-pandemic level. In the September quarter, the demand for gold jumped 47 per cent year-on-year (YoY) to 139.1 tonnes, as against 94.6 tonnes in the year-ago period, and higher than the 123.9 tonnes recorded in the pre-pandemic September 2019 quarter, the World Gold Council (WGC) said in its latest release. In value terms, demand surged 37 per cent year-on-year (YoY) to Rs 59,330 crore during the quarter.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances