New Delhi, Oct. 16 -- Gold at record high: With gold prices inching above Rs.1.3 lakh for 10 grams for 24K ahead of the auspicious festival of Dhanteras, gold jewellery buyers might not be able to throng jewellery stores like last Dhanteras. Gold prices for the same purity have sharply increased by 65.17 per cent from last Dhanteras, when it traded at Rs.78,610 per 10 grams.

A bulk of this rally - 58 per cent - can be attributed to the first 10 months of 2025. The conviction of Indians in gold increases with every significant price rise, thereby pushing the demand for the yellow metal higher.

However, the discretionary income in the hands of Indian households has increased, due to the GST reforms, pay commission hikes and arrears being ...