Dhanteras 2025: Gold Rates Soar in Delhi, Mumbai, Pune, and Other Cities
As Dhanteras 2025 approaches on Saturday, October 18, gold prices are reaching new heights in major Indian cities. The auspicious occasion, which marks the beginning of the five-day Diwali festival, is traditionally a time when people purchase gold, silver, and other valuables, believing it will bring prosperity and good fortune.
Current Gold Rates in Major Cities
Mumbai has recorded a surge in gold prices, with 24-carat gold crossing Rs 1,30,000 per 10 grams. Similar prices are expected in Delhi, Bengaluru, Pune, and other major cities across India. These rates reflect a substantial increase compared to previous years, driven by a confluence of global and domestic factors.
Factors Influencing Gold Prices
Several factors are contributing to the rise in gold prices as of Dhanteras 2025:
- Global Economic Uncertainty: Economic uncertainty, geopolitical tensions, and financial market risks often lead investors to seek safe-haven assets like gold, driving up demand and prices.
- Rupee Depreciation: A weaker Indian rupee against the US dollar makes imported gold more expensive for Indian consumers.
- Seasonal Demand: The wedding season and festivals like Diwali typically see higher gold demand in India, further lifting local prices. Dhanteras, being the first day of Diwali, is considered an especially auspicious time to buy gold.
- Inflation: Rising domestic inflation can also boost gold prices, as gold is often seen as a hedge against inflation.
- Import Duties and Government Policies: Government taxes like import duties and the Goods and Services Tax (GST) levied on imported gold also impact prices in India.
- RBI Interventions: The Reserve Bank of India's (RBI) policies, including holding gold reserves, can influence gold prices.
Expert Predictions and Market Trends
Market analysts note that international gold prices have surged significantly, marking the largest increase in nearly half a century. This extraordinary trajectory has led to gold breaking past the $4,000 per ounce milestone, redefining market expectations.
Analysts at Nirmal Bang predict that gold prices are expected to rise, with traders advised to buy with a stop loss for target gains. However, it's important to note that gold prices are subject to market corrections, and investors should carefully assess their options and investment expectations.
Gold as an Investment
Gold has delivered substantial returns for investors, with prices witnessing a significant surge since the last Dhanteras. The long-term outlook for gold remains positive, driven by economic uncertainties and geopolitical events.
Auspicious Timing and Muhurat
Dhanteras 2025 will be celebrated on Saturday, October 18. According to Drikpanchang, the best time to perform Dhanteras puja is between 7:16 PM and 8:20 PM. Amrit Kaal, which takes place from 8:50 AM to 10:33 AM on Dhanteras, is considered the most auspicious time to buy gold and silver.
Cultural Significance
Indians have a strong cultural affinity for gold, considering it auspicious and an integral part of their lives. Purchasing gold on Dhanteras is a time-honored tradition, irrespective of gold prices.
Disclaimer: Please note that the gold prices mentioned are indicative and may vary based on location, jeweller, and market conditions. It is advisable to check with local jewellers for the most up-to-date rates.
