India, Oct. 18 -- Gold prices are skyrocketing amid the ongoing festive season, with premiums in India hitting another record high at Rs.1,32,953 on Saturday, on the occasion of Dhanteras.

People are willing to pay higher prices to buy gold on the auspicious day of Dhanteras, as the festival honours the Goddess of Wealth and Prosperity, Lakshmi. Dhanteras is considered an auspicious time to buy gold, symbolising good luck for home and businesses.

On Saturday, 24-carat gold stood at Rs.1,32,953 per 10 grams, up by Rs.3,350, while the 22-carat gold rate was priced at Rs.1,21,883 per 10 grams, up by Rs.3,070.

Here are today's gold prices in key metro cities:

The festive season demand for gold has remained extremely high despite the stagg...