Gold Hits Record High Before Dhanteras: The joy of Diwali and the fragrance of Dhanteras are permeating the air, but this time, the shine of gold seems to be even more intense. This shine is also creating a slight worry in the eyes of investors and buyers. Gold seems to have reached new heights. On Friday, October 17th, just a day before Dhanteras, 24-carat gold reached a historic high of ₹13,277 per gram. 22-carat gold surpassed ₹12,170 per 10 grams, while 18-carat gold remained at ₹9,958 per 10 grams. The question is: is it wise to bet in these times of skyrocketing prices? Will buying gold this Dhanteras prove profitable?
A massive 158% surge since last Diwali, gold shatters all records
The story of this meteoric rise in gold prices began last year itself. Looking at the data, last Diwali, i.e., on November 1, 2022, gold was at the level of Rs 50,441 per 10 grams. Surprisingly, on October 17, 2025, the same price rose to a peak of Rs 1,30,233 per 10 grams. This simply means that during this period, the price of gold has seen a massive jump of 158 percent. Furthermore, this year, gold prices have touched their all-time high 39 times. This data clearly shows that gold has taken the market by storm.
Rs 1 lakh jump in just two months, silver also shows rapid growth
This rise in gold has broken all records in the last two months alone. Surprisingly, the price of gold crossed the psychological level of Rs 1 lakh per 10 grams within just sixty days, reaching a peak of Rs 1.30 lakh. Along with gold, silver also joined the race. Silver prices have jumped from ₹110 per gram to ₹180 per gram. This surge represents a golden opportunity for investors, but it also poses a warning.
Market Experts: ‘Rise is good, but also a cause for concern’
What are market experts’ opinions on this entire scenario? According to a report in Business Standard, market expert Alok Jain believes that gold reached $4,380 per ounce on Friday. Surprisingly, just a week ago, it was trading below $4,000. Jain says that the speed and intensity with which gold prices are changing are a good sign, but it is also a cause for concern. When any asset moves this fast, it can also point to deeper problems in the financial system. This surge is being driven by factors such as gold purchases by central banks worldwide and economic uncertainty.
What does gold’s future hold? Expectations of a rally remain.
Although gold prices have seen a significant surge in recent days, experts believe there’s little chance of their luster fading in the coming days. The wedding season will begin after the festive season ends, which is expected to maintain demand for gold in the domestic market. Furthermore, central banks worldwide are also emphasizing adding gold to their reserves, which is acting as a strong support for prices. Considering all these factors, it is anticipated that gold prices may continue to rise. However, investors need to remember that gold is regarded as a safe asset, but they should always consult their financial advisor before making any investment.
(Note: This article is for informational purposes only. It does not constitute investment advice. Gold prices fluctuate, so use your own judgment and seek expert advice before making any investment decisions.)