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Gold Prices Surge Ahead of Dhanteras: Bullish Trend Likely to Continue
Gold prices continued their upward trajectory on MCX on Monday, as global uncertainties and festive demand kept investors and buyers engaged. At the time of writing, gold was trading at Rs 123,821 per 10 grams, reflecting a nearly 50% rise in 2025 alone. Since 2022, the yellow metal has surged about 140%, making it one of the top-performing assets in recent years.
Festive demand meets global uncertainty
With Dhanteras around the corner, demand from jewellers and investors is rising. Escalating US-China trade tensions and mixed global economic signals are further driving interest in gold as a safe-haven asset.
Key drivers behind the rally
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Central bank buying: Nations are increasing gold reserves, reducing reliance on the US dollar.
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Investor inflows into ETFs: Funds tracking gold continue to attract new investments amid market volatility.
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Global policy shifts: US Federal Reserve rate cuts and fears of a government shutdown are boosting safe-haven demand.
Expert insights
Rahul Kalantri, VP Commodities at Mehta Equities Ltd, noted, “Gold posted its eighth consecutive weekly gain. Despite record highs, the broader trend remains bullish, and momentum is likely to continue in the coming weeks.”
Outlook for Dhanteras
If global tensions persist and central bank buying continues, gold prices may sustain their upward trend through the festive season. Investors, traders, and jewellers are closely watching, preparing for potentially record-breaking prices.
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Published: Oct 13, 2025
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