Gold rates This Diwali 2025, gold prices witnessed a stunning surge, with rates climbing by nearly ₹19,000 per 100 grams across major Indian cities including Chennai, Ahmedabad, and Pune. The sharp rise comes amid festive demand, global market strength, and a weakening rupee, pushing gold to new multi-month highs.
In Chennai, 24-carat gold is now priced around ₹7,42,000 per 100 grams, while Ahmedabad and Pune saw similar spikes, reflecting nationwide enthusiasm for the precious metal during the festival of lights. Jewelers report a strong uptick in festive purchases despite the price surge, driven by traditional sentiment and investment demand.
Experts attribute the jump to global cues such as rising spot gold prices and safe-haven buying ahead of key economic events. Analysts also note that retail demand during Diwali typically boosts domestic prices, with India being one of the world’s largest consumers of gold.
With prices at record levels, buyers are advised to proceed with caution and consider staggered purchases, as volatility in global markets could lead to short-term corrections after the festive season.
