Bastar | As Dhanteras approaches, India is witnessing a golden rally in precious metals. Due to strong festive demand—especially from Delhi and across the country—gold and silver prices have surged sharply. According to the Indian Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by ₹2,337 on Friday to reach ₹1,29,564 per 10 grams. Similarly, jewellery-grade gold climbed ₹2,328 to ₹1,29,065 per 10 grams.
Silver also saw a significant jump, rising ₹1,147 per kilogram to hit ₹1,69,000. When compared to last year’s Dhanteras, gold prices have risen from ₹78,846 to ₹1.29 lakh—delivering a 64% return. Silver has jumped from ₹97,973/kg to ₹1.69 lakh/kg, showing a 73% return in the same period.
Investment Boom in Gold ETFs
Investor interest in gold has skyrocketed. According to ICRA Analytics, investment in Gold Exchange Traded Funds (ETFs) has jumped a record 578% in the past year. As of now, Gold ETF assets have reached ₹8,363 crore—up from just ₹1,233 crore during the same time last year. Experts attribute this surge to the convenience of trading, lack of storage hassles, and growing trust in gold as a hedge.
What’s Driving the Bull Run?
Market analysts believe that multiple global and domestic factors are fueling the rally:
Expectations of interest rate cuts in the U.S.
Aggressive gold buying by central banks
Weakening U.S. dollar
Ongoing geopolitical tensions
These factors, combined with seasonal demand from weddings and festivals, are propelling gold prices further upward.
Expert Predictions: ₹1.5 Lakh Likely by Next Diwali
Top financial firms like Motilal Oswal and Ventura Securities predict that gold could reach between ₹1.45 lakh to ₹1.5 lakh per 10 grams by Diwali 2026. Global institutions like HSBC and Goldman Sachs estimate gold could rise as high as $5,500 per ounce, pushing Indian gold prices to around ₹1.55 lakh per 10 grams.
Price Comparison: Dhanteras Year-on-Year (24k Gold)
| Date | Gold Price (₹/10g) | Return % | Silver Price (₹/kg) | Return % |
|---|---|---|---|---|
| Oct 17, 2025 | 1,25,584 | 64.35% | 1,69,230 | 72.90% |
| Oct 29, 2024 | 78,346 | 29.06% | 97,873 | 38.99% |
| Nov 10, 2023 | 61,090 | 20.73% | 70,416 | 26.79% |
| Oct 22, 2022 | 50,500 | 5.62% | 55,555 | 13.47% |
| Nov 2, 2021 | 47,904 | -5.60% | 64,208 | 2.40% |
Global Surge: Record Highs in International Markets
This year, gold has broken 48 global price records. In just 36 days, international gold prices rose from $3,500 to over $4,300 per ounce, a climb that used to take years. Globally, gold has shown a 58% annual increase—the highest in 45 years, according to World Gold Council data.
Final Takeaway
With economic uncertainty, global tensions, and festive fervor all aligning, gold is shining brighter than ever. Experts suggest that gold will continue to be a key investment avenue well into 2026, both for returns and for financial security.
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