Dhanteras Gold Rush: Prices Soar as Gold Jumps ₹3,600, Silver Up ₹700 per Kg
Dhanteras Shines Bright: Gold and Silver Prices Jump Amid Festive Buying: Today is Dhanteras, On the auspicious occasion of Dhanteras, gold and silver prices witnessed a sharp surge, driven by festive demand and rising global interest. As per belief, buying precious metals on this day brings prosperity and good fortune, and today’s market activity certainly reflects that sentiment.
Gold Prices See a Festive Surge
On the Multi Commodity Exchange (MCX), the price of 24-carat gold rose to ₹1,25,957 per 10 grams, marking an increase of ₹312 from the previous session.
However, a more dramatic rise was seen in the rates reported by the India Bullion and Jewellery Association (IBJA). Gold prices there soared by a massive ₹3,627, reaching ₹1,30,874 per 10 grams, up from ₹1,27,247 the previous day.
In Delhi’s bullion market, gold was priced at ₹1,32,930 per 10 grams, only ₹10 higher than the previous session, but still at a historically high level.
Silver Follows Suit with Price Jump
Silver, too, rebounded after two days of decline. On MCX, silver prices increased by ₹696, reaching ₹1,57,300 per kg. Meanwhile, on IBJA, silver was quoted at ₹1,71,275 per kg, up by ₹425.
Why Are Prices Rising?
Commodity analysts attribute the surge to a combination of factors:
- Increased global demand
- Festive season buying across India
- Speculation around a possible U.S. interest rate cut
These drivers have created upward pressure on precious metal prices, and experts believe the rally could continue throughout the festive period.
Markets Abuzz with Buyers
Markets across the country are expected to remain crowded throughout the day as families continue the tradition of purchasing gold and silver on Dhanteras. Jewelers and bullion dealers are witnessing brisk business, and the mood in the markets is buoyant.
Bottom Line:
Whether for investment, tradition, or celebration, Dhanteras 2025 has brought with it a glittering price rally. Experts advise buyers to act with awareness as prices may remain volatile in the coming days due to global cues.
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