Gold and silver prices soared in domestic and international markets this Diwali, captivating investors and festive shoppers alike. On the Multi Commodity Exchange, December gold futures climbed 0.8% to Rs 1,28,556 per 10 grams, while silver futures held steady at Rs 1,55,518 per kilogram. In the spot market, gold shone brightly at Rs 1,31,425 on Diwali day. Globally, gold surged 1.5% to $4,272 on Comex, rebounding from a sharp drop last week, fueled by eased US-China trade tensions after comments from President Donald Trump.

This shift pushed investors toward riskier assets, yet bullion retained its allure. Silver, however, dipped 1.2% before recovering slightly, following a 4.3% plunge Friday due to easing supply constraints in London, according to Bloomberg.

Analysts predict a brief consolidation for gold this week, citing an overstretched rally and softer physical demand post-festive season. Investors are now focused on the upcoming US funding bill, global economic data, and Federal Reserve remarks ahead of the October 28-29 policy meeting, which could sway bullion’s trajectory.

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Dhanteras 2025 saw Indian consumers splurge an estimated Rs 1 lakh crore, with gold and silver purchases driving Rs 60,000 crore of the total, a 25% jump from last year, per the Confederation of All India Traders. Despite gold prices soaring 60% year-on-year to over Rs 1,30,000 per 10 grams, buyers favored coins and bars over jewellery, betting on the precious metal’s continued rise, Reuters reported.

Celebrated on the thirteenth day of Kartik, Dhanteras kicks off Diwali’s five-day festivities, marking an auspicious time to buy gold, silver, and other prosperity symbols.

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