Gold Prices Hit Record High During Diwali 2025: Complete Buyer Guide
The festival of lights witnessed unprecedented gold prices as the precious metal touched ₹1,34,800 per 10 grams during Dhanteras 2025. Despite steep gold prices, Indians spent ₹1 lakh crore during Dhanteras, with gold accounting for ₹60,000 crore in festive purchases, demonstrating the enduring significance of gold buying during Diwali celebrations.
Record-Breaking Gold Prices This Festive Season
Gold prices experienced an extraordinary 39% rally in 2025, reaching historic peaks before Diwali festivities. The 24-carat gold prices rose by 62.65% compared to Dhanteras 2024, when rates stood at ₹81,400 per 10 grams. This represents an increase of ₹51,000 per 10 grams, making Diwali 2025 the most expensive festive season for gold prices.
Following the Dhanteras peak, gold prices witnessed a correction, dropping by ₹2,400 to ₹1,32,400 per 10 grams in Delhi. This price dip provided relief to buyers purchasing gold during Diwali. Market experts attribute elevated gold prices to geopolitical tensions, US-China trade conflicts, and strong central bank buying patterns.
Why Gold Prices Remained High During Diwali
Multiple factors drove gold prices to record levels during Diwali 2025. Geopolitical uncertainties, including Middle East conflicts and US-China trade tensions, pushed investors toward safe-haven assets, elevating gold prices significantly. Expectations of Federal Reserve interest rate cuts and a weakening US dollar further supported gold prices throughout the festive season.
Currency fluctuations, combined with strong festive demand, kept gold prices elevated across Indian markets. Central banks worldwide, including RBI, continued robust gold purchasing programs, adding sustained pressure on gold prices during Diwali period.
Festive Buying Patterns Despite High Gold Prices
Despite record gold prices, Indian consumers demonstrated remarkable festive spirit during Diwali 2025. Volume sales of gold decreased by 15-20%, but value sales surged by 25-35% due to elevated gold prices. Consumers adapted by purchasing lightweight jewellery, gold coins, and lower-carat options, reflecting smart strategies amid high gold prices.
Approximately 50-60 tonnes of jewellery were sold during Dhanteras weekend. Delhi alone accounted for over ₹10,000 crore in gold sales. Silver witnessed a 35-40% surge in coin sales as consumers sought affordable precious metal investments, showing how gold prices influenced alternative investment choices during Diwali.
Post-Diwali Gold Price Outlook
Market experts predict gold prices may stabilize or witness slight corrections as festive demand subsides post-Diwali. However, ongoing geopolitical tensions and global economic uncertainties could keep gold prices elevated. Long-term forecasts suggest gold prices could reach ₹82,000-₹85,000 per 10 grams by Diwali 2026, continuing the upward trend.
Disclaimer: This article is for educational purposes only and should not be considered as investment advice. Gold prices are subject to market fluctuations. Readers should consult financial advisors before making gold investment decisions.
Keywords: gold prices, Diwali 2025, gold rates, Dhanteras, gold investment, gold buying, festive season, precious metals, 24-carat gold, 22-carat gold
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