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Gold prices saw a notable rise today as Karwa Chauth and Diwali 2025 approach, with strong festive demand and global market uncertainty driving investor interest. Should you buy now or wait?
Gold priced at competitive rates
New Delhi: As India prepares for Karwa Chauth and Diwali 2025, gold prices are surging nationwide. On October 9, 2025, 24K gold was priced at Rs 12,409 per gram, while 22K gold stood at Rs 11,376, marking a Rs 1 per gram increase from the previous day.
The uptick reflects strong seasonal demand, increased retail footfall in jewellery stores, and global economic uncertainties that are pushing investors toward traditional safe-haven assets like gold.
With gold playing a central role in Indian festivals and weddings, market watchers say the trend is likely to intensify as the Diwali season reaches its peak.
Gold Price Today: Surge in market rates; What city‑wise data reveal
Many consumers are wondering whether they should buy now or wait. According to analysts, timing your gold purchase during the festive season can be tricky. Prices usually climb in the run-up to Diwali due to demand, but also experience occasional dips depending on global triggers.
If you're buying gold for personal use or gifting, locking in current prices may be wise before further hikes. For investors, experts recommend staggered purchases through SIPs in gold ETFs or sovereign gold bonds to average out costs.
Gold price rises ahead of festive season.
Before making a purchase, especially during a high-demand period, here are key factors to keep in mind:
1. Purity: Always opt for BIS-hallmarked gold for guaranteed quality.
2. Price Transparency: Check daily rates on verified platforms before buying.
3. Making Charges: These vary across jewellers and can impact the final price significantly.
4. Type of Investment: Decide whether you're buying jewellery, coins, or digital gold (ETF, SGB).
5. Storage & Security: For physical gold, consider secure storage options.
Additionally, some jewellers offer festive discounts or zero making charge deals—take advantage of these, but read the fine print.
Gold Price Today: Rs 1 per gram rise in major cities; What’s driving the surge?
Gold has already risen nearly 3.5% in the past month, driven by global cues like Middle East tensions, inflation fears, and ongoing central bank buying. Domestically, the weaker rupee and import duties are further influencing price movements.
Experts believe gold could touch or cross Rs 12,500 per gram before Diwali if global uncertainty continues and demand remains strong. However, sharp corrections can’t be ruled out if geopolitical risks ease or the dollar strengthens.
