Gold of 99.5% purity adopted an identical pattern, easing to Rs 1,31,800 per 10 grams, whereas silver costs tumbled by Rs 7,000 to Rs 1,70,000 per kilogram, extending losses for the second straight day.
On Sunday, the pure gold fee is additional all the way down to round Rs 1,30,860 per 10 gm.
Regardless of the correction, gold stays one in all 2025’s best-performing belongings — costs have surged 62.6% year-on-year, rising over Rs 51,000 per 10 grams since final Dhanteras. Silver, too, has soared 70% in a 12 months, underscoring the outstanding energy of treasured metals amid world financial uncertainty.
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Dhanteras Rush Retains Festive Spirit Excessive
The value dip failed to discourage buyers, as patrons crowded jewelry shops throughout cities to mark Dhanteras — the auspicious day that indicators the beginning of Diwali festivities.
The Confederation of All India Merchants (CAIT) estimated that gold and silver gross sales crossed Rs 60,000 crore, contributing to an total festive spending of Rs 1 lakh crore this weekend.
From a cultural perspective, gold stays deeply intertwined with India’s traditions. Related to Goddess Lakshmi, it symbolises wealth, purity, and prosperity. Shopping for gold on Dhanteras is believed to convey luck — a sentiment that continues to drive demand regardless of document costs.
What’s Driving the Bullion Rally
Analysts attribute the value correction to revenue reserving after a steep rally in world markets. Spot gold on Friday hit a lifetime excessive of $4,379.44 per ounce earlier than easing to $4,249.98 as merchants booked income.
“Globally, gold’s rally is being fuelled by a weak greenback, expectations of U.S. fee cuts, and big central financial institution shopping for. Domestically, premiums have surged to decade-high ranges as buyers more and more want cash and bars over jewelry,” stated Inderbir Singh Jolly, CEO of PL Wealth Administration.
Outlook: Gold Anticipated to Keep Agency in 2025
In accordance with a latest ICICI Financial institution International Markets report, home gold costs are projected to commerce between Rs 1,20,000 and Rs 1,35,000 per 10 grams for the rest of 2025, probably rising to Rs 1,45,000 by early 2026.
The financial institution expects world gold costs to remain elevated as a consequence of sustained investor demand, whereas a weaker rupee — forecast within the 87–89 per USD vary — might additional help native costs.
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