Gold Surges to Record $4,138 Amid Festive Demand
Gold up 56% in 2025; Indian rates touch ₹1.28 lakh per 10 gm ahead of Dhanteras and Diwali.
- Gold hits record $4,138 per ounce globally; up 56% in 2025.
- Indian gold rates climb to ₹1.28 lakh per 10 gm.
- Strong festive demand reported by top jewellers.
- Analysts see potential for $5,000 gold by 2026.
GG News Bureau
Mumbai, 14th Oct: Gold prices in India soared to an all-time high on Monday, mirroring a global rally that pushed the yellow metal past the $4,100 per ounce mark for the first time. According to Reuters, gold gained 0.7% to $4,138.39 per ounce, continuing its record-breaking run amid heightened geopolitical tensions and growing US–China trade rifts.
In India, 24-carat gold rose by ₹3,280 to ₹1,28,680 per 10 grams, as per Goodreturns data. With Dhanteras and Diwali approaching, jewellers reported robust demand for festive collections blending tradition with modern designs.
Joita Sen, Director at Senco Gold & Diamonds, said demand is strong for lightweight, versatile pieces and 9-carat jewellery appealing to value-conscious buyers.
The rally, up 56% this year, is backed by global uncertainty, central bank buying, and expectations of lower US interest rates. Analysts at Bank of America and Société Générale predict gold could reach $5,000 by 2026.
Meanwhile, platinum rose 3.9% to $1,648.25, and palladium advanced 5.2% to $1,478.94.
