Gold Price Forecast:- Gold and silver prices are witnessing a steady rise during the festive season. Gold rates are seen rising rapidly. As Dhanteras approaches, gold prices have reached close to ₹130,000. The gold market is currently in a state of panic. In India, the price of 24-carat gold is approaching ₹1.3 lakh. On October 15, 2025, the price of 999 purity gold reached ₹126,714 per 10 grams.
This year, gold and other precious metals have seen gains of 58% to 80%, making them among the strongest-performing metals in the commodity market. Continued purchases by central banks, increased investment in gold-backed ETFs, and continued interest rate cuts by the US Federal Reserve have fueled this sharp rise.
Should investors buy before Diwali?
Responding to the question of whether retail buyers should invest now or wait for a correction, Subhankar Sen, MD and CEO of Senco Gold & Diamonds, said that intent matters.
“For purchases related to weddings, Dhanteras, or gifts, cultural and sentimental values usually outweigh short-term price concerns. Customers still purchase gold for special occasions. For investment buyers, he suggested a gradual approach. “Some may prefer to buy in stages rather than waiting for a correction, especially given the unpredictability of macroeconomic signals. This strategy helps reduce timing risk while maintaining risk.”