Gold Rate:
Gold prices in India have seen a massive rise in recent months. According to reports, the Multi Commodity Exchange (MCX) index shows that gold prices increased by over 11% in the past one month, around 20% in the last three months, and a whopping 52% since the beginning of this year. Silver, too, has followed the same trend, shooting up by nearly 60% this year. With such rapid growth, many are now wondering will this rally continue till Diwali, or will there be a fall in prices?

Why Is Gold Rate Increasing?

Experts say the main reason for this sharp rise is the global economic situation. In the international market, the price of gold per ounce has reached close to $3,900, and it might touch $4,000 if the current conditions continue. One of the key factors behind this surge is the U.S. government shutdown issue, which has created uncertainty in global markets. When such instability arises, investors tend to move towards safe assets like gold.

Other Factors Supporting Gold Prices

Several strong fundamentals are also driving this rally. The process of de-dollarization, heavy gold purchases by central banks, ongoing trade tensions due to Trump’s policies, and economic struggles in many nations have added fuel to the rising prices. Gold Exchange-Traded Funds (ETFs) and financial institutions have also been actively buying, keeping the momentum high.

Will Gold Prices Drop by Diwali?

Currently, gold is considered to be in an overbought zone, meaning it has gone up too fast. Experts believe that if the U.S. shutdown issue gets resolved, prices could drop by 3–4% in the short term. However, by the end of this year, international gold prices might reach $4,200–$4,250 per ounce, and in 2026 they could rise further to $4,600–$4,700.

In India, by Diwali, gold prices are expected to stay between ₹1,24,000 and ₹1,25,000 per tola (10 grams).

Disclaimer: This article is for information purposes only and should not be taken as financial advice. Always consult a certified financial expert before making investment decisions.

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